SigmaTron International (NASDAQ:SGMA) Stock Passes Above 200-Day Moving Average of $3.27

SigmaTron International, Inc. (NASDAQ:SGMA)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.27 and traded as high as $4.04. SigmaTron International shares last traded at $4.04, with a volume of 25,259 shares.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of SigmaTron International in a research note on Friday. They issued a “hold” rating for the company.

SigmaTron International Stock Up 5.5 %

The business’s 50 day moving average is $3.48 and its 200 day moving average is $3.27. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.69 and a current ratio of 2.28. The stock has a market cap of $24.60 million, a price-to-earnings ratio of 22.44 and a beta of 0.93.

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

Institutional Investors Weigh In On SigmaTron International

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of SigmaTron International by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 152,481 shares of the technology company’s stock valued at $1,041,000 after buying an additional 8,791 shares during the period. BlackRock Inc. boosted its stake in shares of SigmaTron International by 3.5% during the 1st quarter. BlackRock Inc. now owns 119,235 shares of the technology company’s stock valued at $316,000 after buying an additional 4,037 shares during the period. Royal Bank of Canada boosted its stake in shares of SigmaTron International by 5.5% during the 3rd quarter. Royal Bank of Canada now owns 65,401 shares of the technology company’s stock valued at $310,000 after buying an additional 3,401 shares during the period. First Republic Investment Management Inc. acquired a new stake in shares of SigmaTron International during the 2nd quarter valued at $118,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of SigmaTron International during the 4th quarter valued at $77,000. Institutional investors and hedge funds own 23.85% of the company’s stock.

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.