SigmaTron International, Inc. (NASDAQ:SGMA) Short Interest Down 43.8% in March

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 9,500 shares, a decline of 43.8% from the February 28th total of 16,900 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on SigmaTron International in a report on Saturday, March 22nd. They set a “hold” rating for the company.

SigmaTron International Trading Down 4.4 %

Shares of NASDAQ:SGMA opened at $1.29 on Friday. The business’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $2.13. SigmaTron International has a 1 year low of $0.99 and a 1 year high of $6.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. The company has a market capitalization of $7.89 million, a P/E ratio of -0.51 and a beta of 0.92.

SigmaTron International (NASDAQ:SGMA) last issued its earnings results on Friday, March 14th. The technology company reported $0.63 EPS for the quarter. The company had revenue of $71.07 million during the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%. During the same quarter in the previous year, the firm posted $0.10 earnings per share.

Hedge Funds Weigh In On SigmaTron International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in shares of SigmaTron International in the 4th quarter valued at $36,000. TCW Group Inc. acquired a new stake in shares of SigmaTron International during the fourth quarter valued at about $154,000. Finally, Renaissance Technologies LLC increased its stake in shares of SigmaTron International by 34.1% in the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after buying an additional 50,858 shares during the period. Institutional investors 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.