SigmaTron International (NASDAQ:SGMA) Shares Cross Above 200 Day Moving Average of $3.31

SigmaTron International, Inc. (NASDAQ:SGMA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.31 and traded as high as $4.07. SigmaTron International shares last traded at $3.95, with a volume of 29,878 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on SigmaTron International in a research report on Saturday. They set a “hold” rating for the company.

SigmaTron International Stock Down 0.5 %

The stock has a market cap of $24.07 million, a P/E ratio of 21.94 and a beta of 0.93. The company has a quick ratio of 0.69, a current ratio of 2.28 and a debt-to-equity ratio of 1.20. The business has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $3.31.

SigmaTron International (NASDAQ:SGMA) last announced its earnings results on Friday, March 8th. The technology company reported $0.10 earnings per share (EPS) for the quarter. SigmaTron International had a return on equity of 8.96% and a net margin of 0.29%. The firm had revenue of $95.92 million during the quarter.

Institutional Investors Weigh In On SigmaTron International

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of SigmaTron International by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 175,575 shares of the technology company’s stock valued at $528,000 after acquiring an additional 7,085 shares during the period. Catalytic Wealth RIA LLC bought a new position in SigmaTron International in the fourth quarter worth $292,000. Bailard Inc. bought a new position in SigmaTron International in the fourth quarter worth $64,000. BlackRock Inc. lifted its position in SigmaTron International by 3.5% in the first quarter. BlackRock Inc. now owns 119,235 shares of the technology company’s stock worth $316,000 after purchasing an additional 4,037 shares during the period. Finally, Susquehanna International Group LLP bought a new position in SigmaTron International in the fourth quarter worth $77,000. 23.85% of the stock is owned by 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.