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

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

SigmaTron International Stock Performance

Shares of SigmaTron International stock opened at $1.36 on Friday. The firm has a fifty day moving average of $1.47 and a two-hundred day moving average of $2.16. The stock has a market capitalization of $8.32 million, a price-to-earnings ratio of -0.54 and a beta of 0.92. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16.

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 EPS.

Institutional Trading of SigmaTron International

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of SigmaTron International by 34.1% in the 4th 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 in the last quarter. Virtu Financial LLC bought a new stake in shares of SigmaTron International in the 4th quarter valued at $36,000. Finally, TCW Group Inc. bought a new stake in shares of SigmaTron International in the 4th quarter valued at $154,000. Institutional investors own 23.85% of the company’s stock.

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.