SigmaTron International, Inc. (NASDAQ:SGMA) Short Interest Update

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 17,300 shares, a decline of 27.6% from the June 15th total of 23,900 shares. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On SigmaTron International

A number of large investors have recently modified their holdings of SGMA. Inspire Advisors LLC purchased a new position in SigmaTron International in the 1st quarter worth approximately $46,000. Catalytic Wealth RIA LLC acquired a new position in shares of SigmaTron International during the fourth quarter worth $292,000. Finally, Bailard Inc. purchased a new position in shares of SigmaTron International in the fourth quarter valued at $64,000. Institutional investors and hedge funds own 23.85% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of SigmaTron International in a research note on Thursday, June 20th. They set a “strong-buy” rating for the company.

SigmaTron International Stock Up 0.4 %

NASDAQ:SGMA traded up $0.02 during mid-day trading on Friday, hitting $5.46. The company had a trading volume of 52,770 shares, compared to its average volume of 39,211. The business has a fifty day simple moving average of $5.04 and a 200-day simple moving average of $4.05. The firm has a market capitalization of $33.25 million, a price-to-earnings ratio of 30.33 and a beta of 0.88. SigmaTron International has a 1 year low of $2.61 and a 1 year high of $7.89. The company has a current ratio of 2.28, a quick ratio of 0.69 and a debt-to-equity ratio of 1.20.

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.