SigmaTron International (NASDAQ:SGMA) Earns Hold Rating from Analysts at StockNews.com

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

SigmaTron International Stock Performance

Shares of SGMA stock opened at $1.55 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.32. The company has a market cap of $9.48 million, a price-to-earnings ratio of -0.61 and a beta of 1.02. SigmaTron International has a 1 year low of $0.96 and a 1 year high of $6.47. The firm has a fifty day moving average price of $1.21 and a 200-day moving average price of $1.76.

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

Hedge Funds Weigh In On SigmaTron International

Hedge funds have recently modified their holdings of the company. Arcataur Capital Management LLC purchased a new stake in SigmaTron International in the 1st quarter worth $37,000. TCW Group Inc. boosted its stake in SigmaTron International by 548.6% in the 1st quarter. TCW Group Inc. now owns 562,001 shares of the technology company’s stock worth $703,000 after purchasing an additional 475,350 shares during the period. Renaissance Technologies LLC raised its position in shares of SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock valued at $356,000 after buying an additional 50,858 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of SigmaTron International in the fourth quarter worth $36,000. 23.85% of the stock is currently owned by 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.