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

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

SigmaTron International Stock Up 1.0 %

NASDAQ SGMA traded up $0.03 during mid-day trading on Wednesday, hitting $3.06. The company’s stock had a trading volume of 7,432 shares, compared to its average volume of 31,459. The firm has a market capitalization of $18.72 million, a price-to-earnings ratio of -3.09 and a beta of 0.87. The company’s 50 day simple moving average is $2.82 and its 200 day simple moving average is $3.92. SigmaTron International has a twelve month low of $2.27 and a twelve month high of $6.47. 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 (NASDAQ:SGMA) last released its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.54) EPS for the quarter. SigmaTron International had a negative net margin of 1.67% and a negative return on equity of 9.05%. The company had revenue of $84.78 million during the quarter.

Hedge Funds Weigh In On SigmaTron International

A number of hedge funds and other institutional investors have recently made changes to their positions in SGMA. Renaissance Technologies LLC increased its holdings in SigmaTron International by 5.9% during the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock worth $782,000 after buying an additional 7,800 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SigmaTron International by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock worth $297,000 after purchasing an additional 11,070 shares during the period. Inspire Advisors LLC purchased a new position in SigmaTron International in the first quarter valued at approximately $46,000. Finally, Privium Fund Management UK Ltd bought a new position in SigmaTron International during the second quarter valued at $58,000. 23.85% of the stock is owned by hedge funds and other institutional investors.

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.