StockNews.com Initiates Coverage on SigmaTron International (NASDAQ:SGMA)

Stock analysts at StockNews.com began coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report released on Friday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Down 1.0 %

NASDAQ:SGMA opened at $1.04 on Friday. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47. The firm has a market capitalization of $6.36 million, a PE ratio of -0.41 and a beta of 0.92. The stock has a 50 day moving average of $1.53 and a 200-day moving average of $2.23. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09.

SigmaTron International (NASDAQ:SGMA) last issued its quarterly earnings data on Friday, March 14th. The technology company reported $0.63 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%. The business had revenue of $71.07 million during the quarter. During the same period last year, the company earned $0.10 earnings per share.

Institutional Investors Weigh In On SigmaTron International

A number of institutional investors and hedge funds have recently modified their holdings of SGMA. TCW Group Inc. purchased a new stake in shares of SigmaTron International in the fourth quarter valued at $154,000. Virtu Financial LLC acquired a new position in shares of SigmaTron International in the fourth quarter worth $36,000. Finally, Renaissance Technologies LLC increased 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 worth $356,000 after acquiring an additional 50,858 shares during the last quarter. Institutional investors and hedge funds 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.