SigmaTron International (NASDAQ:SGMA) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA) in a note issued to investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Trading Up 0.7 %

NASDAQ:SGMA opened at $1.38 on Wednesday. The firm has a market capitalization of $8.44 million, a P/E ratio of -0.54 and a beta of 0.94. The business has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $2.39. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. SigmaTron International has a 12-month low of $1.30 and a 12-month high of $6.47.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share (EPS) for the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%.

Institutional Trading of SigmaTron International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in SigmaTron International by 34.1% in the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after acquiring an additional 50,858 shares during the last quarter. TCW Group Inc. acquired a new position in SigmaTron International in the fourth quarter worth approximately $154,000. Finally, Virtu Financial LLC bought a new position in shares of SigmaTron International in the fourth quarter valued at $36,000. Institutional investors own 23.85% of the company’s stock.

About SigmaTron International

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.