SigmaTron International (NASDAQ:SGMA) Now Covered by Analysts at StockNews.com

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

SigmaTron International Trading Down 7.2 %

NASDAQ:SGMA opened at $1.68 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.36 and a current ratio of 1.15. SigmaTron International has a 1 year low of $1.50 and a 1 year high of $6.47. The stock has a market cap of $10.28 million, a P/E ratio of -1.70 and a beta of 0.95. The stock has a 50-day simple moving average of $2.31 and a 200-day simple moving average of $3.10.

SigmaTron International (NASDAQ:SGMA) last announced its quarterly earnings results on Friday, December 20th. The technology company reported ($1.55) earnings per share (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

A hedge fund recently raised its stake in SigmaTron International stock. Renaissance Technologies LLC grew its position in shares of SigmaTron International, Inc. (NASDAQ:SGMA) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 139,887 shares of the technology company’s stock after purchasing an additional 7,800 shares during the quarter. Renaissance Technologies LLC owned approximately 2.30% of SigmaTron International worth $782,000 as of its most recent filing with the SEC. 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.