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 note released on Friday. The brokerage issued a hold rating on the technology company’s stock.

SigmaTron International Stock Down 1.0 %

Shares of NASDAQ SGMA opened at $1.04 on Friday. SigmaTron International has a 1 year low of $0.99 and a 1 year high of $6.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. The company has a market capitalization of $6.36 million, a price-to-earnings ratio of -0.41 and a beta of 0.92. The business has a 50-day moving average of $1.53 and a two-hundred day moving average of $2.22.

SigmaTron International (NASDAQ:SGMA) last posted its earnings results on Friday, March 14th. The technology company reported $0.63 earnings per share for the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%. The business had revenue of $71.07 million during the quarter. During the same period in the previous year, the firm posted $0.10 earnings per share.

Institutional Trading of SigmaTron International

Several institutional investors and hedge funds have recently made changes to their positions in SGMA. Virtu Financial LLC acquired a new position in SigmaTron International in the 4th quarter valued at about $36,000. TCW Group Inc. acquired a new position in SigmaTron International in the 4th quarter valued at about $154,000. Finally, Renaissance Technologies LLC increased its position in SigmaTron International by 34.1% in the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after acquiring an additional 50,858 shares during the period. 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.