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

StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMAFree Report) in a research report report published on Friday morning. The brokerage issued a hold rating on the technology company’s stock.

SigmaTron International Stock Performance

Shares of SGMA stock opened at $1.04 on Friday. The company has a market cap of $6.36 million, a price-to-earnings ratio of -0.41 and a beta of 0.92. The stock has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $2.22. SigmaTron International has a 12-month low of $0.99 and a 12-month high of $6.47. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09.

SigmaTron International (NASDAQ:SGMAGet Free Report) last issued its earnings results on Friday, March 14th. The technology company reported $0.63 earnings per share (EPS) for the quarter. The business had revenue of $71.07 million during the quarter. SigmaTron International had a negative return on equity of 24.68% and a negative net margin of 4.62%. During the same period last year, the company posted $0.10 earnings per share.

Hedge Funds Weigh In On SigmaTron International

Several hedge funds have recently bought and sold shares of SGMA. TCW Group Inc. purchased a new position in SigmaTron International in the 4th quarter valued at approximately $154,000. Virtu Financial LLC purchased a new position in SigmaTron International in the 4th quarter valued at approximately $36,000. Finally, Renaissance Technologies LLC increased its stake in 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 in the last quarter. 23.85% of the stock is owned by hedge funds and other institutional investors.

SigmaTron International Company Profile

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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.

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