SigmaTron International (NASDAQ:SGMA) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of SigmaTron International (NASDAQ:SGMA) in a note issued to investors on Tuesday. The firm set a “hold” rating on the technology company’s stock.

SigmaTron International Price Performance

SigmaTron International stock opened at $1.59 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.36 and a debt-to-equity ratio of 0.09. The stock has a market cap of $9.73 million, a P/E ratio of -1.61 and a beta of 0.86. The company has a 50-day moving average price of $2.62 and a 200 day moving average price of $3.43. SigmaTron International has a 12-month low of $1.50 and a 12-month high of $6.47.

SigmaTron International (NASDAQ:SGMA) last released its quarterly earnings results on Friday, December 20th. The technology company reported ($1.55) EPS for the quarter. SigmaTron International had a negative net margin of 1.67% and a negative return on equity of 9.05%.

Hedge Funds Weigh In On SigmaTron International

A number of hedge funds have recently modified their holdings of SGMA. Privium Fund Management UK Ltd acquired a new position in SigmaTron International in the second quarter valued at about $58,000. Dimensional Fund Advisors LP raised its stake in shares of SigmaTron International by 26.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 53,124 shares of the technology company’s stock valued at $297,000 after acquiring an additional 11,070 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of SigmaTron International by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,887 shares of the technology company’s stock worth $782,000 after acquiring an additional 7,800 shares during the last quarter. 23.85% of the stock is currently 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.