SigmaTron International (NASDAQ:SGMA) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report issued on Thursday. The brokerage issued a hold rating on the technology company’s stock.

SigmaTron International Price Performance

SGMA opened at $1.28 on Thursday. SigmaTron International has a fifty-two week low of $1.27 and a fifty-two week high of $6.47. The firm has a 50-day moving average of $1.61 and a 200 day moving average of $2.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16. The firm has a market cap of $7.83 million, a P/E ratio of -0.50 and a beta of 0.94.

SigmaTron International (NASDAQ:SGMA) last issued its quarterly earnings results on Friday, December 20th. The technology company reported ($1.55) EPS for the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%.

Institutional Trading of SigmaTron International

A number of hedge funds have recently made changes to their positions in SGMA. Virtu Financial LLC bought a new position in SigmaTron International during the fourth quarter valued at approximately $36,000. TCW Group Inc. purchased a new stake in shares of SigmaTron International in the 4th quarter valued at $154,000. Finally, Renaissance Technologies LLC grew its holdings in shares of SigmaTron International by 34.1% during the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after purchasing an additional 50,858 shares during the last quarter. 23.85% of the stock is owned by 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.