SigmaTron International, Inc. (NASDAQ:SGMA) Sees Significant Decrease in Short Interest

SigmaTron International, Inc. (NASDAQ:SGMA) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 9,500 shares, a decrease of 43.8% from the February 28th total of 16,900 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 43,500 shares, the short-interest ratio is presently 0.2 days.

SigmaTron International Stock Down 4.4 %

Shares of NASDAQ:SGMA opened at $1.29 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.16. SigmaTron International has a 52-week low of $0.99 and a 52-week high of $6.47. The business’s 50 day simple moving average is $1.45 and its two-hundred day simple moving average is $2.13. The firm has a market cap of $7.89 million, a P/E ratio of -0.51 and a beta of 0.92.

SigmaTron International (NASDAQ:SGMA) last posted its quarterly earnings results on Friday, March 14th. The technology company reported $0.63 earnings per share (EPS) for the quarter. The business had revenue of $71.07 million during the quarter. SigmaTron International had a negative net margin of 4.62% and a negative return on equity of 24.68%. During the same period in the previous year, the business posted $0.10 EPS.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on SigmaTron International in a research note on Saturday, March 22nd. They set a “hold” rating for the company.

Institutional Investors Weigh In On SigmaTron International

Institutional investors have recently added to or reduced their stakes in the company. TCW Group Inc. purchased a new position in shares of SigmaTron International in the 4th quarter worth approximately $154,000. Renaissance Technologies LLC lifted its holdings in SigmaTron International by 34.1% during the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after acquiring an additional 50,858 shares during the period. Finally, Virtu Financial LLC bought a new stake in SigmaTron International during the fourth quarter worth $36,000. 23.85% of the stock is owned by institutional investors.

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.