SigmaTron International, Inc. (NASDAQ:SGMA) Short Interest Down 16.9% in April

SigmaTron International, Inc. (NASDAQ:SGMAGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 284,100 shares, a decrease of 16.9% from the April 15th total of 342,000 shares. Based on an average daily volume of 88,400 shares, the days-to-cover ratio is currently 3.2 days.

Shares of SGMA traded up $0.13 during mid-day trading on Tuesday, reaching $5.78. The stock had a trading volume of 185 shares, compared to its average volume of 50,173. The firm has a market cap of $34.80 million, a price-to-earnings ratio of 2.27 and a beta of 1.09. SigmaTron International has a 12 month low of $4.58 and a 12 month high of $17.30. The business has a fifty day moving average of $7.13 and a 200 day moving average of $8.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.38 and a current ratio of 1.61.

SigmaTron International (NASDAQ:SGMAGet Rating) last posted its quarterly earnings results on Tuesday, March 22nd. The technology company reported $0.47 earnings per share for the quarter. SigmaTron International had a net margin of 3.03% and a return on equity of 13.07%. The business had revenue of $93.68 million during the quarter.

Separately, StockNews.com assumed coverage on shares of SigmaTron International in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

A number of institutional investors have recently added to or reduced their stakes in SGMA. Vanguard Group Inc. raised its stake in shares of SigmaTron International by 6.1% in the first quarter. Vanguard Group Inc. now owns 152,481 shares of the technology company’s stock valued at $1,041,000 after acquiring an additional 8,791 shares during the period. Shufro Rose & Co. LLC bought a new position in shares of SigmaTron International in the first quarter worth about $98,000. Acadian Asset Management LLC grew its holdings in shares of SigmaTron International by 21.1% in the fourth quarter. Acadian Asset Management LLC now owns 22,299 shares of the technology company’s stock worth $229,000 after purchasing an additional 3,892 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of SigmaTron International by 31.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 74,519 shares of the technology company’s stock worth $770,000 after purchasing an additional 17,820 shares during the last quarter. Finally, Royce & Associates LP bought a new position in shares of SigmaTron International in the fourth quarter worth about $1,085,000. 22.21% of the stock is currently owned by institutional investors.

About SigmaTron International (Get Rating)

SigmaTron International, Inc operates as an independent provider of electronic manufacturing services (EMS). Its EMS services include printed circuit board assemblies 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; and assistance in obtaining product approval from governmental and other regulatory bodies.

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