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

StockNews.com began coverage on shares of SigmaTron International (NASDAQ:SGMA) in a research report sent to investors on Monday. The firm issued a hold rating on the technology company’s stock.

SigmaTron International Stock Down 8.5 %

SGMA stock opened at $1.51 on Monday. SigmaTron International has a 1-year low of $1.50 and a 1-year high of $6.47. The stock has a market cap of $9.24 million, a price-to-earnings ratio of -1.53 and a beta of 0.86. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $2.70 and its 200 day moving average is $3.51.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SGMA. Dimensional Fund Advisors LP lifted its position in SigmaTron International by 26.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after acquiring an additional 11,070 shares during the period. Privium Fund Management UK Ltd bought a new position in shares of SigmaTron International during the second quarter valued at approximately $58,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of SigmaTron International by 5.9% during the second quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after purchasing an additional 7,800 shares during the last quarter. Hedge funds and other institutional investors own 23.85% of the company’s stock.

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.