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

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

SigmaTron International Price Performance

Shares of NASDAQ SGMA opened at $1.10 on Monday. The stock’s 50-day simple moving average is $1.39 and its 200-day simple moving average is $2.07. The firm has a market capitalization of $6.73 million, a PE ratio of -0.43 and a beta of 0.92. SigmaTron International has a fifty-two week low of $0.99 and a fifty-two week high of $6.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16.

SigmaTron International (NASDAQ:SGMA) last issued its earnings results on Friday, March 14th. The technology company reported $0.63 earnings per share (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 in the previous year, the company posted $0.10 EPS.

Institutional Trading of SigmaTron International

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

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.