SigmaTron International (NASDAQ:SGMA) Now Covered by StockNews.com

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

SigmaTron International Stock Performance

SGMA stock opened at $4.04 on Friday. The company has a market cap of $24.60 million, a P/E ratio of 22.44 and a beta of 0.93. SigmaTron International has a 1 year low of $2.07 and a 1 year high of $7.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.28 and a quick ratio of 0.69. The stock’s fifty day moving average price is $3.48 and its 200-day moving average price is $3.27.

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

Hedge Funds Weigh In On SigmaTron International

A number of institutional investors and hedge funds have recently modified their holdings of SGMA. Commonwealth Equity Services LLC purchased a new position in shares of SigmaTron International in the 3rd quarter worth $55,000. Bailard Inc. purchased a new position in SigmaTron International during the fourth quarter valued at $64,000. Citadel Advisors LLC purchased a new position in SigmaTron International during the third quarter valued at $75,000. Susquehanna International Group LLP purchased a new position in SigmaTron International during the fourth quarter valued at $77,000. Finally, First Republic Investment Management Inc. purchased a new position in SigmaTron International during the second quarter valued at $118,000. 23.85% of the stock is currently owned by hedge funds and other institutional investors.

About SigmaTron International

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.