SigmaTron International, Inc. (NASDAQ:SGMA) Sees Significant Decrease in Short Interest

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 9,500 shares, a decrease of 43.8% from the February 28th total of 16,900 shares. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

SigmaTron International Stock Performance

Shares of NASDAQ:SGMA traded down $0.06 during trading on Friday, hitting $1.23. The company’s stock had a trading volume of 25,465 shares, compared to its average volume of 41,187. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. The firm has a market cap of $7.53 million, a price-to-earnings ratio of -0.48 and a beta of 0.92. The company has a 50-day moving average of $1.44 and a 200-day moving average of $2.12. SigmaTron International has a 12 month low of $0.99 and a 12 month high of $6.47.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on SigmaTron International in a report on Sunday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in SigmaTron International in the 4th quarter valued at $36,000. TCW Group Inc. bought a new stake in shares of SigmaTron International in the 4th quarter valued at approximately $154,000. Finally, Renaissance Technologies LLC boosted its stake in SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after buying an additional 50,858 shares during the period. Institutional investors 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.