SigmaTron International (NASDAQ:SGMA) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of SigmaTron International (NASDAQ:SGMA) from a buy rating to a hold rating in a report published on Wednesday.

SigmaTron International Price Performance

Shares of SigmaTron International stock opened at $2.44 on Wednesday. The firm has a market cap of $14.87 million, a PE ratio of 13.56 and a beta of 0.87. The company’s fifty day simple moving average is $3.98 and its two-hundred day simple moving average is $4.16. The company has a quick ratio of 0.69, a current ratio of 2.28 and a debt-to-equity ratio of 1.20. SigmaTron International has a 12-month low of $2.36 and a 12-month high of $7.88.

SigmaTron International (NASDAQ:SGMA) last announced its quarterly earnings results on Tuesday, September 3rd. The technology company reported ($0.55) earnings per share (EPS) for the quarter. The business had revenue of $81.14 million for the quarter. SigmaTron International had a net margin of 0.29% and a return on equity of 8.96%.

Institutional Trading of SigmaTron International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in 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 purchasing an additional 7,800 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in SigmaTron International by 26.3% in the second 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. Privium Fund Management UK Ltd bought a new position in SigmaTron International in the second quarter worth about $58,000. Inspire Advisors LLC purchased a new stake in SigmaTron International in the first quarter worth about $46,000. Finally, Catalytic Wealth RIA LLC bought a new stake in SigmaTron International during the 4th quarter valued at approximately $292,000. 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.