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

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

SigmaTron International Trading Up 6.8 %

SigmaTron International stock opened at $1.89 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.36 and a current ratio of 1.15. The business’s 50-day simple moving average is $2.40 and its 200-day simple moving average is $3.24. The firm has a market capitalization of $11.56 million, a PE ratio of -1.91 and a beta of 0.86. SigmaTron International has a 52 week low of $1.50 and a 52 week high of $6.47.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share for the quarter. SigmaTron International had a negative return on equity of 9.05% and a negative net margin of 1.67%.

Institutional Investors Weigh In On SigmaTron International

Several hedge funds have recently bought and sold shares of the company. Privium Fund Management UK Ltd acquired a new position in SigmaTron International during the 2nd quarter worth approximately $58,000. Dimensional Fund Advisors LP grew 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 valued at $297,000 after acquiring an additional 11,070 shares in the last quarter. Finally, Renaissance Technologies LLC boosted 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 purchasing an additional 7,800 shares during the last quarter. 23.85% of the stock is currently owned by institutional investors and hedge funds.

SigmaTron International Company Profile

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.