StockNews.com Initiates Coverage on SigmaTron International (NASDAQ:SGMA)

StockNews.com started coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report issued on Wednesday. The firm issued a hold rating on the technology company’s stock.

SigmaTron International Price Performance

SGMA opened at $2.95 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $2.82 and a two-hundred day simple moving average of $3.93. The company has a market cap of $18.05 million, a price-to-earnings ratio of -2.98 and a beta of 0.87. SigmaTron International has a 12-month low of $2.27 and a 12-month high of $6.47.

SigmaTron International (NASDAQ:SGMA) last posted its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.54) earnings per share for the quarter. The company had revenue of $84.78 million during the quarter. SigmaTron International had a negative return on equity of 9.05% and a negative net margin of 1.67%.

Institutional Investors Weigh In On SigmaTron International

Institutional investors and hedge funds have recently made changes to their positions in the company. Inspire Advisors LLC purchased a new position in shares of SigmaTron International in the first quarter worth $46,000. Privium Fund Management UK Ltd bought a new position in SigmaTron International during the 2nd quarter valued at about $58,000. Dimensional Fund Advisors LP grew its stake in shares of SigmaTron International by 26.3% in the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock worth $297,000 after acquiring an additional 11,070 shares during the period. Finally, Renaissance Technologies LLC lifted its position in SigmaTron International by 5.9% during the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after purchasing an additional 7,800 shares during the period. Institutional investors own 23.85% of the company’s stock.

SigmaTron International Company Profile

SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include printed circuit board assemblies, electro-mechanical subassemblies, and completely assembled (box-build) electronic products. The company also offers automatic and manual assembly and testing of products; material sourcing and procurement services; manufacturing and test engineering support services; design services; warehousing and distribution services; compliance reporting, and assistance in obtaining product approval from governmental and other regulatory bodies.