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

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

SigmaTron International Stock Down 2.6 %

Shares of NASDAQ SGMA opened at $2.67 on Thursday. SigmaTron International has a twelve month low of $2.27 and a twelve month 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. The business has a 50 day simple moving average of $2.83 and a 200-day simple moving average of $3.87.

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

Institutional Investors Weigh In On SigmaTron International

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in SigmaTron International by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after buying an additional 11,070 shares during the period. Privium Fund Management UK Ltd acquired a new position in SigmaTron International during the second quarter valued at $58,000. Finally, Renaissance Technologies LLC raised its position in 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 buying an additional 7,800 shares during the period. 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.