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

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

SigmaTron International Stock Down 7.2 %

SGMA opened at $1.68 on Thursday. The firm’s 50 day simple moving average is $2.31 and its two-hundred day simple moving average is $3.10. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09. SigmaTron International has a 1-year low of $1.50 and a 1-year high of $6.47. The company has a market capitalization of $10.28 million, a PE ratio of -1.70 and a beta of 0.95.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share for the quarter. SigmaTron International had a negative net margin of 1.67% and a negative return on equity of 9.05%.

Hedge Funds Weigh In On SigmaTron International

An institutional investor recently raised its position in SigmaTron International stock. Dimensional Fund Advisors LP lifted its holdings in shares of SigmaTron International, Inc. (NASDAQ:SGMA) by 26.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,124 shares of the technology company’s stock after purchasing an additional 11,070 shares during the quarter. Dimensional Fund Advisors LP owned about 0.87% of SigmaTron International worth $297,000 as of its most recent filing with the SEC. 23.85% of the stock is owned by institutional investors and hedge funds.

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.