StockNews.com Initiates Coverage on SigmaTron International (NASDAQ:SGMA)

Analysts at StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA) in a report issued on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

SigmaTron International Trading Down 1.1 %

Shares of SGMA opened at $3.63 on Wednesday. The business’s 50-day moving average price is $3.41 and its 200-day moving average price is $3.26. SigmaTron International has a twelve month low of $2.07 and a twelve month high of $7.89. The stock has a market cap of $22.11 million, a PE ratio of 20.17 and a beta of 0.93. The company has a quick ratio of 0.69, a current ratio of 2.28 and a debt-to-equity ratio of 1.20.

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

Institutional Trading of SigmaTron International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in SigmaTron International by 5.5% in the third quarter. Royal Bank of Canada now owns 65,401 shares of the technology company’s stock worth $310,000 after buying an additional 3,401 shares in the last quarter. BlackRock Inc. boosted its stake in SigmaTron International by 3.5% in the first quarter. BlackRock Inc. now owns 119,235 shares of the technology company’s stock worth $316,000 after buying an additional 4,037 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of SigmaTron International by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 175,575 shares of the technology company’s stock valued at $528,000 after purchasing an additional 7,085 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of SigmaTron International during the third quarter valued at approximately $55,000. Finally, Citadel Advisors LLC purchased a new stake in shares of SigmaTron International during the third quarter valued at approximately $75,000. Hedge funds and other institutional investors own 23.85% of the company’s stock.

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.