SigmaTron International (NASDAQ:SGMA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report issued on Wednesday. The brokerage issued a hold rating on the technology company’s stock.

SigmaTron International Trading Down 0.7 %

Shares of SGMA opened at $1.37 on Wednesday. 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 12-month low of $1.32 and a 12-month high of $6.47. The firm has a market capitalization of $8.38 million, a PE ratio of -0.54 and a beta of 0.94. The stock’s fifty day simple moving average is $1.65 and its 200-day simple moving average is $2.40.

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

Hedge Funds Weigh In On SigmaTron International

Several large investors have recently made changes to their positions in SGMA. TCW Group Inc. acquired a new position in shares of SigmaTron International during the fourth quarter valued at $154,000. Renaissance Technologies LLC lifted its stake in SigmaTron International by 34.1% in the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after buying an additional 50,858 shares during the period. Finally, Virtu Financial LLC acquired a new position in SigmaTron International in the fourth quarter valued at 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.