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

Research analysts at StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA – Get Rating) in a note issued to investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Trading Down 3.5 %

Shares of SGMA stock opened at $3.32 on Monday. SigmaTron International has a 52-week low of $2.07 and a 52-week high of $8.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.50 and a current ratio of 2.04. The firm has a market capitalization of $20.16 million, a PE ratio of -27.67 and a beta of 1.03. The stock has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $3.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Seascape Capital Management bought a new position in shares of SigmaTron International during the 3rd quarter valued at about $482,000. BlackRock Inc. lifted its holdings in shares of SigmaTron International by 3.5% in the 1st quarter. BlackRock Inc. now owns 119,235 shares of the technology company’s stock valued at $316,000 after acquiring an additional 4,037 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of SigmaTron International in the 4th quarter valued at about $77,000. Sanders Morris Harris LLC bought a new position in shares of SigmaTron International in the 4th quarter valued at about $50,000. Finally, Lake Street Advisors Group LLC bought a new position in shares of SigmaTron International in the 3rd quarter valued at about $67,000. Institutional investors own 17.38% of the company’s stock.

SigmaTron International Company Profile

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SigmaTron International, Inc engages in the provision of electronic manufacturing services. The firm also manufactures printed circuit board assemblies and assembled electronic products. It offers automatic and manual assembly and the testing of products, material sourcing and procurement, manufacturing and test engineering support, design services, warehousing and distribution service, and assistance in obtaining product approval from governmental and other regulatory bodies.