SigmaTron International (NASDAQ:SGMA) Stock Crosses Below Two Hundred Day Moving Average of $4.21

Shares of SigmaTron International, Inc. (NASDAQ:SGMAGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.21 and traded as low as $2.41. SigmaTron International shares last traded at $2.52, with a volume of 26,642 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of SigmaTron International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 18th.

Read Our Latest Analysis on SGMA

SigmaTron International Stock Up 4.1 %

The firm’s 50-day moving average price is $4.86 and its 200 day moving average price is $4.21. The firm has a market capitalization of $15.36 million, a price-to-earnings ratio of 14.00 and a beta of 0.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.28 and a quick ratio of 0.69.

Institutional Trading of SigmaTron International

Large investors have recently modified their holdings of the business. Bailard Inc. acquired a new stake in SigmaTron International during the fourth quarter worth approximately $64,000. Catalytic Wealth RIA LLC acquired a new stake in SigmaTron International during the fourth quarter worth approximately $292,000. Inspire Advisors LLC acquired a new stake in SigmaTron International during the first quarter worth approximately $46,000. Privium Fund Management UK Ltd acquired a new stake in SigmaTron International during the second quarter worth approximately $58,000. Finally, Dimensional Fund Advisors LP boosted 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 worth $297,000 after acquiring an additional 11,070 shares during the last quarter. 23.85% of the stock is currently owned by institutional investors and hedge funds.

About SigmaTron International

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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.

Further Reading

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