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

Research analysts at StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report issued on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Stock Performance

Shares of SGMA opened at $1.77 on Wednesday. SigmaTron International has a 1 year low of $1.50 and a 1 year high of $6.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.36 and a current ratio of 1.15. The company has a market cap of $10.83 million, a price-to-earnings ratio of -1.79 and a beta of 0.86. The firm has a fifty day moving average of $2.42 and a 200-day moving average of $3.26.

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

Hedge Funds Weigh In On SigmaTron International

Several large investors have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its position 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 worth $782,000 after acquiring an additional 7,800 shares during the period. Dimensional Fund Advisors LP raised its position in shares of SigmaTron International by 26.3% during the second quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock worth $297,000 after acquiring an additional 11,070 shares during the last quarter. Finally, Privium Fund Management UK Ltd bought a new stake in shares of SigmaTron International during the second quarter worth approximately $58,000. Institutional investors and hedge funds 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.