SigmaTron International, Inc. (NASDAQ:SGMA) Sees Large Decline in Short Interest

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 33,700 shares, a drop of 54.3% from the December 15th total of 73,800 shares. Based on an average trading volume of 46,900 shares, the short-interest ratio is currently 0.7 days.

SigmaTron International Trading Down 0.6 %

Shares of SGMA traded down $0.01 during trading hours on Tuesday, hitting $1.65. 6,992 shares of the stock were exchanged, compared to its average volume of 35,486. SigmaTron International has a fifty-two week low of $1.50 and a fifty-two week high of $6.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 0.36. The business has a 50-day moving average of $2.28 and a 200-day moving average of $3.06. The firm has a market capitalization of $10.10 million, a P/E ratio of -1.67 and a beta of 0.95.

SigmaTron International (NASDAQ:SGMA) last posted its quarterly earnings data 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%.

Institutional Investors Weigh In On SigmaTron International

A hedge fund recently raised its stake in SigmaTron International stock. Dimensional Fund Advisors LP boosted its stake in SigmaTron International, Inc. (NASDAQ:SGMA) by 26.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,124 shares of the technology company’s stock after purchasing an additional 11,070 shares during the quarter. Dimensional Fund Advisors LP owned about 0.87% of SigmaTron International worth $297,000 as of its most recent SEC filing. 23.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of SigmaTron International in a research report on Thursday, January 9th. They set a “hold” rating for the company.

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.