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

Stock analysts at StockNews.com began coverage on shares of SigmaTron International (NASDAQ:SGMA – Get Rating) in a report released on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.

SigmaTron International Stock Up 5.2 %

Shares of SGMA opened at $3.46 on Tuesday. SigmaTron International has a one year low of $2.07 and a one year high of $8.50. The company has a market cap of $21.00 million, a P/E ratio of -1.04 and a beta of 1.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.04 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $2.76 and a two-hundred day simple moving average of $3.79.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of SigmaTron International by 3.5% during the first quarter. BlackRock Inc. now owns 119,235 shares of the technology company’s stock worth $316,000 after buying an additional 4,037 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in SigmaTron International in the fourth quarter valued at $77,000. Sanders Morris Harris LLC acquired a new stake in SigmaTron International in the fourth quarter valued at $50,000. Lake Street Advisors Group LLC acquired a new stake in SigmaTron International in the third quarter valued at $67,000. Finally, Citadel Advisors LLC acquired a new stake in SigmaTron International in the third quarter valued at $75,000. 17.38% of the stock is currently owned by institutional investors and hedge funds.

SigmaTron International Company Profile

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SigmaTron International, Inc engages in the provision of electronic manufacturing services. The firm also manufactures printed circuit board assemblies and assembled electronic products. It offers automatic and manual assembly and the testing of products, material sourcing and procurement, manufacturing and test engineering support, design services, warehousing and distribution service, and assistance in obtaining product approval from governmental and other regulatory bodies.