SigmaTron International (NASDAQ:SGMA) Downgraded by StockNews.com to “Buy”

StockNews.com cut shares of SigmaTron International (NASDAQ:SGMA) from a strong-buy rating to a buy rating in a report released on Thursday morning.

SigmaTron International Stock Down 6.0 %

Shares of NASDAQ:SGMA opened at $5.48 on Thursday. SigmaTron International has a 1 year low of $2.61 and a 1 year high of $7.89. The stock has a 50-day simple moving average of $5.15 and a 200-day simple moving average of $4.15. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.69 and a current ratio of 2.28. The stock has a market capitalization of $33.37 million, a P/E ratio of 30.44 and a beta of 0.88.

Institutional Investors Weigh In On SigmaTron International

Several large investors have recently made changes to their positions in SGMA. Inspire Advisors LLC purchased a new stake in SigmaTron International during the 1st quarter worth $46,000. Bailard Inc. acquired a new position in shares of SigmaTron International during the fourth quarter worth about $64,000. Finally, Catalytic Wealth RIA LLC purchased a new stake in shares of SigmaTron International in the fourth quarter worth about $292,000. Institutional investors and hedge funds 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.