StockNews.com Initiates Coverage on SigmaTron International (NASDAQ:SGMA)

Analysts at StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report issued on Sunday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Up 1.6 %

Shares of NASDAQ:SGMA opened at $1.25 on Friday. SigmaTron International has a 52 week low of $0.99 and a 52 week high of $6.47. The company has a market capitalization of $7.65 million, a PE ratio of -0.49 and a beta of 0.92. The company’s fifty day moving average is $1.43 and its 200-day moving average is $2.11. 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 released its quarterly earnings results on Friday, March 14th. The technology company reported $0.63 EPS for the quarter. The business had revenue of $71.07 million for the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%. During the same period last year, the company earned $0.10 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SGMA. Virtu Financial LLC bought a new stake in SigmaTron International during the fourth quarter worth $36,000. TCW Group Inc. acquired a new stake in SigmaTron International during the fourth quarter worth about $154,000. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 50,858 shares during the last quarter. 23.85% of the stock is currently owned by institutional investors.

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.