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

StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA) 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:SGMA) 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

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.