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

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

SigmaTron International Stock Performance

NASDAQ:SGMA opened at $1.51 on Monday. The firm has a market capitalization of $9.24 million, a PE ratio of -1.53 and a beta of 0.86. SigmaTron International has a fifty-two week low of $1.50 and a fifty-two week high of $6.47. The stock’s fifty day moving average is $2.70 and its 200 day moving average is $3.51. 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 posted its quarterly earnings data 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 business had revenue of $84.78 million for the quarter.

Institutional Investors Weigh In On SigmaTron International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Privium Fund Management UK Ltd purchased a new position in SigmaTron International during the 2nd quarter valued at about $58,000. Dimensional Fund Advisors LP boosted its stake in shares of SigmaTron International by 26.3% during 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 in the last quarter. Finally, Renaissance Technologies LLC raised its stake in SigmaTron International by 5.9% in the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock worth $782,000 after buying an additional 7,800 shares in the last quarter. 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.