SigmaTron International (NASDAQ:SGMA) Coverage Initiated at StockNews.com

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

SigmaTron International Trading Down 0.7 %

SGMA opened at $1.37 on Wednesday. SigmaTron International has a 52 week low of $1.30 and a 52 week high of $6.47. The business has a fifty day simple moving average of $1.63 and a 200-day simple moving average of $2.38. The firm has a market cap of $8.38 million, a P/E ratio of -0.54 and a beta of 0.94. 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 released its quarterly earnings results on Friday, December 20th. The technology company reported ($1.55) EPS for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%.

Institutional Trading of SigmaTron International

Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of SigmaTron International in the fourth quarter valued at $36,000. Renaissance Technologies LLC raised its stake in shares of 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 acquiring an additional 50,858 shares in the last quarter. Finally, TCW Group Inc. acquired a new stake in shares of SigmaTron International in the fourth quarter valued at $154,000. 23.85% of the stock is currently 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.