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

SigmaTron International, Inc. (NASDAQ:SGMA) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 14,200 shares, a decrease of 66.3% from the March 31st total of 42,100 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 41,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of SigmaTron International

Several hedge funds and other institutional investors have recently bought and sold shares of SGMA. Renaissance Technologies LLC increased its stake in shares of SigmaTron International by 34.1% in the fourth quarter. Renaissance Technologies LLC now owns 199,945 shares of the technology company’s stock worth $356,000 after buying an additional 50,858 shares during the period. Virtu Financial LLC bought a new stake in SigmaTron International in the 4th quarter worth $36,000. Finally, TCW Group Inc. purchased a new position in shares of SigmaTron International in the fourth quarter valued at about $154,000. Institutional investors own 23.85% of the company’s stock.

SigmaTron International Trading Down 3.6 %

Shares of SGMA traded down $0.05 during mid-day trading on Monday, reaching $1.20. The company’s stock had a trading volume of 14,379 shares, compared to its average volume of 43,002. SigmaTron International has a 52 week low of $0.96 and a 52 week high of $6.47. The stock has a market cap of $7.34 million, a PE ratio of -0.47 and a beta of 0.93. The company’s fifty day moving average price is $1.21 and its two-hundred day moving average price is $1.86. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09.

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 quarter in the previous year, the company earned $0.10 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on SigmaTron International in a research report on Wednesday, April 23rd. They issued a “hold” rating on the 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.