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

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

SigmaTron International Stock Up 2.9 %

Shares of NASDAQ SGMA opened at $2.80 on Friday. The stock has a market cap of $17.14 million, a P/E ratio of -2.83 and a beta of 0.87. The business’s fifty day simple moving average is $2.85 and its 200-day simple moving average is $3.72. SigmaTron International has a 12-month low of $2.27 and a 12-month high of $6.47. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09.

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

Institutional Investors Weigh In On SigmaTron International

Several institutional investors have recently modified their holdings of the company. Privium Fund Management UK Ltd purchased a new position in SigmaTron International in the second quarter valued at approximately $58,000. Dimensional Fund Advisors LP increased its stake in 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 increased its position in SigmaTron International by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after acquiring an additional 7,800 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.