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

Equities research analysts at StockNews.com started coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report released on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Price Performance

Shares of NASDAQ:SGMA opened at $1.47 on Thursday. The company has a market cap of $8.99 million, a price-to-earnings ratio of -0.58 and a beta of 1.02. The business has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.82. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. SigmaTron International has a twelve month low of $0.96 and a twelve month high of $6.47.

SigmaTron International (NASDAQ:SGMA) last released its earnings results on Friday, March 14th. The technology company reported $0.63 EPS for the quarter. The firm had revenue of $71.07 million during the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%. During the same quarter in the previous year, the company earned $0.10 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in SigmaTron International during the fourth quarter valued at approximately $36,000. Renaissance Technologies LLC boosted its stake in shares of SigmaTron International by 34.1% in the 4th quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after purchasing an additional 50,858 shares in the last quarter. Finally, TCW Group Inc. bought a new stake in shares of SigmaTron International in the 4th quarter worth about $154,000. 23.85% of the stock is owned by 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.