SigmaTron International (NASDAQ:SGMA) Now Covered by Analysts at StockNews.com

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

SigmaTron International Trading Down 4.7 %

Shares of SGMA opened at $1.23 on Friday. SigmaTron International has a 52-week low of $0.99 and a 52-week high of $6.47. The stock has a market cap of $7.53 million, a PE ratio of -0.48 and a beta of 0.92. The firm’s fifty day moving average is $1.44 and its two-hundred day moving average is $2.12. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

SigmaTron International (NASDAQ:SGMA) last posted its quarterly earnings results on Friday, March 14th. The technology company reported $0.63 earnings per share for the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%. The firm had revenue of $71.07 million for the quarter. During the same period in the prior year, the business posted $0.10 earnings per share.

Institutional Investors Weigh In On SigmaTron International

A number of large investors have recently made changes to their positions in SGMA. Renaissance Technologies LLC lifted its position in SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after buying an additional 50,858 shares in the last quarter. Virtu Financial LLC purchased a new stake in SigmaTron International in the 4th quarter valued at $36,000. Finally, TCW Group Inc. acquired a new stake in shares of SigmaTron International in the 4th quarter worth $154,000. 23.85% of the stock is currently owned by hedge funds and other institutional investors.

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.