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

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

SigmaTron International Stock Performance

Shares of SGMA opened at $2.80 on Friday. The stock has a market capitalization of $17.14 million, a P/E ratio of -2.83 and a beta of 0.87. SigmaTron International has a 1 year low of $2.27 and a 1 year high of $6.47. The company’s fifty day moving average is $2.85 and its two-hundred day moving average is $3.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.36 and a current ratio of 1.15.

SigmaTron International (NASDAQ:SGMA) last released its earnings results on Thursday, September 19th. The technology company reported ($0.54) earnings per share (EPS) for the quarter. The business had revenue of $84.78 million for the quarter. SigmaTron International had a negative return on equity of 9.05% and a negative net margin of 1.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Privium Fund Management UK Ltd purchased a new stake in shares of SigmaTron International during the 2nd quarter worth $58,000. Dimensional Fund Advisors LP lifted its stake in shares of SigmaTron International by 26.3% in the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after purchasing an additional 11,070 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of SigmaTron International by 5.9% in the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after purchasing an additional 7,800 shares during the period. 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.