SigmaTron International (NASDAQ:SGMA) Now Covered by StockNews.com

StockNews.com began coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research note released on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.

SigmaTron International Stock Performance

Shares of SGMA stock opened at $1.37 on Friday. SigmaTron International has a 12 month low of $0.99 and a 12 month high of $6.47. The company’s fifty day simple moving average is $1.47 and its 200-day simple moving average is $2.15. The firm has a market cap of $8.38 million, a PE ratio of -0.54 and a beta of 0.92. 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 (NASDAQ:SGMA) last posted its quarterly earnings results on Friday, March 14th. The technology company reported $0.63 earnings per share for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%. The firm had revenue of $71.07 million during the quarter. During the same quarter in the prior year, the business earned $0.10 earnings per share.

Institutional Trading of SigmaTron International

A number of large investors have recently added to or reduced their stakes in the company. TCW Group Inc. acquired a new position in shares of SigmaTron International during the 4th quarter worth about $154,000. Renaissance Technologies LLC grew its holdings in SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after purchasing an additional 50,858 shares during the period. Finally, Virtu Financial LLC bought a new position in SigmaTron International during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 23.85% of the company’s stock.

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.