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

Stock analysts at StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Price Performance

Shares of SGMA opened at $1.47 on Tuesday. The company has a market cap of $9.01 million, a price-to-earnings ratio of -0.58 and a beta of 0.94. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $1.70 and its 200 day simple moving average is $2.43. SigmaTron International has a 1-year low of $1.47 and a 1-year high of $6.47.

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

Institutional Investors Weigh In On SigmaTron International

Several institutional investors and hedge funds have recently bought and sold shares of SGMA. Virtu Financial LLC bought a new position in shares of SigmaTron International in the 4th quarter valued at $36,000. Renaissance Technologies LLC raised its position 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 purchasing an additional 50,858 shares during the last quarter. Finally, TCW Group Inc. acquired a new stake in shares of SigmaTron International during the fourth quarter valued at about $154,000. Institutional investors own 23.85% of the company’s stock.

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.