SigmaTron International, Inc. (NASDAQ:SGMA) Sees Large Growth in Short Interest

SigmaTron International, Inc. (NASDAQ:SGMAGet Free Report) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 16,900 shares, a growth of 106.1% from the February 13th total of 8,200 shares. Based on an average daily trading volume, of 43,400 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on SigmaTron International in a research report on Friday. They set a “hold” rating for the company.

Check Out Our Latest Report on SGMA

SigmaTron International Price Performance

Shares of SGMA opened at $1.04 on Friday. 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 stock has a 50 day simple moving average of $1.53 and a 200 day simple moving average of $2.23. SigmaTron International has a 52-week low of $0.99 and a 52-week high of $6.47. The firm has a market capitalization of $6.36 million, a PE ratio of -0.41 and a beta of 0.92.

SigmaTron International (NASDAQ:SGMAGet Free Report) last issued its quarterly earnings data on Friday, March 14th. The technology company reported $0.63 earnings per share (EPS) 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 quarter in the prior year, the firm posted $0.10 earnings per share.

Hedge Funds Weigh In On SigmaTron International

Several institutional investors and hedge funds have recently modified their holdings of SGMA. Virtu Financial LLC acquired a new position in SigmaTron International during the 4th quarter worth approximately $36,000. Renaissance Technologies LLC boosted its position in SigmaTron International by 34.1% during the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after acquiring an additional 50,858 shares during the last quarter. Finally, TCW Group Inc. acquired a new position in SigmaTron International during the 4th quarter worth approximately $154,000. 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.

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