SigmaTron International (NASDAQ:SGMA) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of SigmaTron International, Inc. (NASDAQ:SGMA) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.29 and traded as low as $1.70. SigmaTron International shares last traded at $1.78, with a volume of 42,149 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on SigmaTron International in a research note on Wednesday. They issued a “hold” rating for the company.

SigmaTron International Stock Down 0.6 %

The company has a quick ratio of 0.36, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $2.44 and a 200-day moving average price of $3.28. The firm has a market capitalization of $10.83 million, a PE ratio of -1.79 and a beta of 0.86.

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

Institutional Investors Weigh In On SigmaTron International

Several hedge funds have recently made changes to their positions in the business. Privium Fund Management UK Ltd acquired a new position in SigmaTron International during the 2nd quarter worth approximately $58,000. Dimensional Fund Advisors LP lifted its holdings in shares of SigmaTron International by 26.3% in the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after purchasing an additional 11,070 shares in the last quarter. Finally, Renaissance Technologies LLC increased 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 worth $782,000 after buying an additional 7,800 shares in the last quarter. Institutional investors and hedge funds 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.