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

Defense World ·  Sep 25, 2022 02:11

Stock analysts at StockNews.com initiated coverage on shares of SigmaTron International (NASDAQ:SGMA – Get Rating) in a research note issued on Sunday. The brokerage set a "hold" rating on the technology company's stock.

SigmaTron International Price Performance

NASDAQ:SGMA opened at $4.95 on Friday. The stock has a market cap of $30.05 million, a PE ratio of 11.51 and a beta of 0.89. The business's 50-day simple moving average is $7.19 and its two-hundred day simple moving average is $7.09. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.98. SigmaTron International has a 52 week low of $4.90 and a 52 week high of $17.30.

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SigmaTron International (NASDAQ:SGMA – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The technology company reported $0.10 earnings per share for the quarter. The firm had revenue of $99.23 million during the quarter. SigmaTron International had a return on equity of 8.77% and a net margin of 0.61%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of SigmaTron International by 6.1% during the first quarter. Vanguard Group Inc. now owns 152,481 shares of the technology company's stock valued at $1,041,000 after purchasing an additional 8,791 shares in the last quarter. Bard Associates Inc. purchased a new position in SigmaTron International in the second quarter worth about $100,000. Shufro Rose & Co. LLC purchased a new position in SigmaTron International in the first quarter worth about $98,000. First Republic Investment Management Inc. purchased a new position in SigmaTron International in the second quarter worth about $118,000. Finally, Avantax Advisory Services Inc. purchased a new position in SigmaTron International in the second quarter worth about $208,000. Hedge funds and other institutional investors own 13.34% of the company's stock.

About SigmaTron International

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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 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; and assistance in obtaining product approval from governmental and other regulatory bodies.

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