SigmaTron International, Inc. (NASDAQ:SGMA) Sees Large Growth in Short Interest

SigmaTron International, Inc. (NASDAQ:SGMA) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 16,900 shares, an increase of 106.1% from the February 13th total of 8,200 shares. Based on an average daily volume of 43,400 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on SigmaTron International in a research note on Friday. They set a “hold” rating on the stock.

SigmaTron International Trading Down 1.0 %

Shares of SigmaTron International stock opened at $1.04 on Friday. SigmaTron International has a 12-month low of $0.99 and a 12-month high of $6.47. The stock has a market cap of $6.36 million, a P/E ratio of -0.41 and a beta of 0.92. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $1.53 and its 200-day moving average is $2.23.

SigmaTron International (NASDAQ:SGMA) last announced its quarterly earnings data 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 company had revenue of $71.07 million for the quarter. During the same quarter in the prior year, the company earned $0.10 EPS.

Institutional Investors Weigh In On SigmaTron International

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in SigmaTron International in the 4th quarter valued at $36,000. TCW Group Inc. bought a new stake in SigmaTron International in the 4th quarter valued at $154,000. Finally, Renaissance Technologies LLC raised its stake in 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 acquiring an additional 50,858 shares during the period. 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.