SigmaTron International (NASDAQ:SGMA) Shares Cross Below 200 Day Moving Average – What’s Next?

SigmaTron International, Inc. (NASDAQ:SGMA) passed 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.

Analysts Set New Price Targets

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

SigmaTron International Stock Down 0.6 %

The stock’s 50-day simple moving average is $2.44 and its 200-day simple moving average is $3.28. The firm has a market capitalization of $10.83 million, a P/E ratio of -1.79 and a beta of 0.86. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Privium Fund Management UK Ltd bought a new position in shares of SigmaTron International during the 2nd quarter valued at approximately $58,000. Dimensional Fund Advisors LP grew its stake in shares of SigmaTron International by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock worth $297,000 after buying an additional 11,070 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of SigmaTron International by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock valued at $782,000 after purchasing an additional 7,800 shares during the last quarter. 23.85% of the stock is owned by hedge funds and other institutional investors.

SigmaTron International Company Profile

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.