SigmaTron International (NASDAQ:SGMA) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of SigmaTron International (NASDAQ:SGMA) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

SigmaTron International Stock Down 7.8 %

NASDAQ:SGMA opened at $2.73 on Wednesday. SigmaTron International has a 52 week low of $2.36 and a 52 week high of $7.89. The stock’s fifty day moving average is $4.16 and its two-hundred day moving average is $4.18. The stock has a market capitalization of $16.63 million, a price-to-earnings ratio of 15.17 and a beta of 0.87. The company has a quick ratio of 0.69, a current ratio of 2.28 and a debt-to-equity ratio of 1.20.

Hedge Funds Weigh In On SigmaTron International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Advisors LLC acquired a new position in shares of SigmaTron International in the first quarter valued at approximately $46,000. Privium Fund Management UK Ltd purchased a new stake in SigmaTron International during the 2nd quarter worth about $58,000. Catalytic Wealth RIA LLC acquired a new stake in SigmaTron International in the 4th quarter valued at about $292,000. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 11,070 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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 valued at $782,000 after buying an additional 7,800 shares during the period. 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.