SigmaTron International (NASDAQ:SGMA) Stock Passes Above 200-Day Moving Average – Time to Sell?

SigmaTron International, Inc. (NASDAQ:SGMA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.71 and traded as high as $2.99. SigmaTron International shares last traded at $2.98, with a volume of 47,413 shares.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on SigmaTron International in a report on Saturday, May 17th. They set a “hold” rating for the company.

SigmaTron International Stock Down 0.3%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16. The company has a market cap of $18.23 million, a price-to-earnings ratio of -1.17 and a beta of 1.47. The business has a 50-day simple moving average of $1.69 and a 200-day simple moving average of $1.71.

SigmaTron International (NASDAQ:SGMA) last issued its earnings results on Friday, March 14th. The technology company reported $0.63 earnings per share 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 for the quarter. During the same period last year, the business posted $0.10 EPS.

Institutional Investors Weigh In On SigmaTron International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in SigmaTron International during the fourth quarter worth approximately $36,000. Arcataur Capital Management LLC purchased a new position in shares of SigmaTron International in the 1st quarter valued at approximately $37,000. Renaissance Technologies LLC grew 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 during the last quarter. Finally, TCW Group Inc. purchased a new position in shares of SigmaTron International in the 4th quarter valued at approximately $154,000. 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.