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

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 9,500 shares, a decrease of 43.8% from the February 28th total of 16,900 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of SigmaTron International

Large investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in SigmaTron International during the 4th quarter worth $36,000. TCW Group Inc. bought a new position in shares of SigmaTron International during the 4th quarter worth $154,000. Finally, Renaissance Technologies LLC grew its position in shares of SigmaTron International by 34.1% during the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after buying an additional 50,858 shares in the last quarter. Hedge funds and other institutional investors own 23.85% of the company’s stock.

SigmaTron International Trading Down 4.7 %

Shares of SGMA traded down $0.06 during trading hours on Friday, reaching $1.23. 25,465 shares of the company traded hands, compared to its average volume of 41,187. The stock’s fifty day moving average price is $1.44 and its 200 day moving average price is $2.12. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09. The firm has a market cap of $7.53 million, a price-to-earnings ratio of -0.48 and a beta of 0.92. SigmaTron International has a 12-month low of $0.99 and a 12-month high of $6.47.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings data on Friday, March 14th. The technology company reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $71.07 million during the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%. During the same period last year, the firm earned $0.10 earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on SigmaTron International in a report on Sunday. They set a “hold” rating for the company.

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.