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

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

SigmaTron International Stock Performance

Shares of SGMA opened at $1.55 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock has a market cap of $9.48 million, a P/E ratio of -0.61 and a beta of 1.02. The business’s 50 day moving average price is $1.21 and its 200-day moving average price is $1.76. SigmaTron International has a 52 week low of $0.96 and a 52 week high of $6.47.

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

Institutional Investors Weigh In On SigmaTron International

A number of institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in SigmaTron International in the 4th quarter valued at approximately $36,000. Arcataur Capital Management LLC purchased a new position in shares of SigmaTron International in the first quarter worth $37,000. TCW Group Inc. bought a new position in shares of SigmaTron International during the fourth quarter valued at $154,000. Finally, Renaissance Technologies LLC boosted its position in shares of SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after buying an additional 50,858 shares during the last quarter. Hedge funds and other 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.