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

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

SigmaTron International Trading Down 2.6 %

SGMA opened at $2.67 on Thursday. The stock has a 50-day moving average of $2.83 and a 200-day moving average of $3.87. SigmaTron International has a 52-week low of $2.27 and a 52-week 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 announced its earnings results on Thursday, September 19th. The technology company reported ($0.54) earnings per share for the quarter. SigmaTron International had a negative net margin of 1.67% and a negative return on equity of 9.05%. The business had revenue of $84.78 million for the quarter.

Hedge Funds Weigh In On SigmaTron International

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings 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 buying an additional 7,800 shares in 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 buying an additional 11,070 shares in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new position in shares of SigmaTron International in the 2nd quarter worth approximately $58,000. 23.85% of the stock is owned by institutional investors and hedge funds.

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.