SigmaTron International (NASDAQ:SGMA) saw a significant decline in short interest in the month of November. As of November 29th, there was short interest totalling 4,500 shares, a decline of 19.6% from the November 14th total of 5,600 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is currently 0.4 days.
An institutional investor recently bought a new position in SigmaTron International stock. Citadel Advisors LLC acquired a new position in SigmaTron International (NASDAQ:SGMA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,475 shares of the technology company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned 0.27% of SigmaTron International as of its most recent filing with the Securities & Exchange Commission. 20.90% of the stock is currently owned by institutional investors and hedge funds.
SGMA traded up $0.05 during midday trading on Thursday, reaching $4.10. The company’s stock had a trading volume of 25 shares, compared to its average volume of 9,929. The firm has a market capitalization of $19.93 million, a price-to-earnings ratio of 469.79 and a beta of 1.53. The company has a current ratio of 2.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.79. SigmaTron International has a 1 year low of $2.18 and a 1 year high of $5.10. The stock’s 50-day moving average is $4.38 and its 200-day moving average is $3.76.
Separately, ValuEngine cut shares of SigmaTron International from a “hold” rating to a “sell” rating in a research report on Saturday, December 7th.
SigmaTron International Company Profile
SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include the production of printed circuit board assemblies 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; and assistance in obtaining product approval from governmental and other regulatory bodies.
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