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

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

SigmaTron International Stock Up 1.6 %

Shares of NASDAQ SGMA opened at $1.25 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $1.43 and a 200 day moving average price of $2.11. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47. The stock has a market capitalization of $7.65 million, a price-to-earnings ratio of -0.49 and a beta of 0.92.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results 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 firm had revenue of $71.07 million for the quarter. During the same period in the previous year, the company posted $0.10 EPS.

Institutional Trading of SigmaTron International

A number of institutional investors have recently added to or reduced their stakes in SGMA. Virtu Financial LLC bought a new position in SigmaTron International during the 4th quarter valued at $36,000. TCW Group Inc. acquired a new position in SigmaTron International during the 4th quarter valued at about $154,000. Finally, Renaissance Technologies LLC grew its holdings in SigmaTron International by 34.1% in the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after buying an additional 50,858 shares in the last quarter. 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.