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

Equities researchers at StockNews.com started coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Price Performance

SGMA stock opened at $1.26 on Friday. The firm has a 50-day moving average of $1.24 and a two-hundred day moving average of $1.71. The firm has a market capitalization of $7.71 million, a PE ratio of -0.50 and a beta of 1.02. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09. SigmaTron International has a one year low of $0.96 and a one year high of $6.47.

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

Institutional Investors Weigh In On SigmaTron International

A number of institutional investors have recently bought and sold shares of SGMA. TCW Group Inc. increased its holdings in shares of SigmaTron International by 548.6% in the 1st quarter. TCW Group Inc. now owns 562,001 shares of the technology company’s stock valued at $703,000 after purchasing an additional 475,350 shares during the period. Renaissance Technologies LLC raised its holdings in shares of SigmaTron International by 34.1% during the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after purchasing an additional 50,858 shares in the last quarter. Arcataur Capital Management LLC acquired a new stake in shares of SigmaTron International in the 1st quarter valued at $37,000. Finally, Virtu Financial LLC acquired a new position in SigmaTron International during the fourth quarter worth $36,000. 23.85% of the stock is currently owned by institutional investors and hedge funds.

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.