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

StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Down 1.9 %

NASDAQ SGMA opened at $1.58 on Friday. The company has a market capitalization of $9.67 million, a P/E ratio of -0.62 and a beta of 0.94. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. SigmaTron International has a 52 week low of $1.50 and a 52 week high of $6.47. The stock’s 50-day moving average price is $1.97 and its 200-day moving average price is $2.69.

SigmaTron International (NASDAQ:SGMA) last released its earnings results on Friday, December 20th. The technology company reported ($1.55) EPS for the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%.

Institutional Investors Weigh In On SigmaTron International

An institutional investor recently raised its position in SigmaTron International stock. Renaissance Technologies LLC boosted its stake in shares of SigmaTron International, Inc. (NASDAQ:SGMA) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,887 shares of the technology company’s stock after buying an additional 7,800 shares during the quarter. Renaissance Technologies LLC owned 2.30% of SigmaTron International worth $782,000 as of its most recent filing with the Securities and Exchange Commission. 23.85% of the stock is owned by hedge funds and other institutional investors.

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.