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

StockNews.com started coverage on shares of SigmaTron International (NASDAQ:SGMAGet Free Report) 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:SGMAGet Free Report) 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

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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.

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