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

StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMAFree Report) in a report published on Friday. The brokerage issued a hold rating on the technology company’s stock.

SigmaTron International Stock Down 0.7 %

Shares of NASDAQ SGMA opened at $2.68 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.36 and a current ratio of 1.15. SigmaTron International has a 1 year low of $2.27 and a 1 year high of $6.47. The stock’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $3.79. The firm has a market cap of $16.40 million, a price-to-earnings ratio of -2.73 and a beta of 0.87.

SigmaTron International (NASDAQ:SGMAGet Free Report) last issued its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.54) earnings per share for the quarter. The business had revenue of $84.78 million for the quarter. SigmaTron International had a negative net margin of 1.67% and a negative return on equity of 9.05%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SGMA. Renaissance Technologies LLC increased its position in shares of SigmaTron International by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock worth $782,000 after purchasing an additional 7,800 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in SigmaTron International by 26.3% in the second 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 in the last quarter. Finally, Privium Fund Management UK Ltd bought a new stake in SigmaTron International in the second quarter valued at about $58,000. 23.85% of the stock is currently owned by institutional investors.

About SigmaTron International

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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.

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