SigmaTron International (NASDAQ:SGMA) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of SigmaTron International (NASDAQ:SGMA – Get Rating) in a research note published on Tuesday. The firm issued a sell rating on the technology company’s stock.

SigmaTron International Stock Performance

Shares of SGMA stock opened at $3.73 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 1.16 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $2.77 and a two-hundred day moving average of $3.77. SigmaTron International has a 1-year low of $2.07 and a 1-year high of $8.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of SigmaTron International by 5.5% during the third quarter. Royal Bank of Canada now owns 65,401 shares of the technology company’s stock worth $310,000 after buying an additional 3,401 shares during the period. BlackRock Inc. boosted its position in shares of SigmaTron International by 3.5% during the first quarter. BlackRock Inc. now owns 119,235 shares of the technology company’s stock worth $316,000 after buying an additional 4,037 shares during the period. Vanguard Group Inc. boosted 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 worth $1,041,000 after buying an additional 8,791 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of SigmaTron International in the third quarter valued at approximately $55,000. Finally, Sanders Morris Harris LLC acquired a new position in shares of SigmaTron International in the fourth quarter valued at approximately $50,000. 17.38% of the stock is currently owned by hedge funds and other institutional investors.

About SigmaTron International

(Get Rating)

SigmaTron International, Inc engages in the provision of electronic manufacturing services. The firm also manufactures printed circuit board assemblies and assembled electronic products. It offers automatic and manual assembly and the testing of products, material sourcing and procurement, manufacturing and test engineering support, design services, warehousing and distribution service, and assistance in obtaining product approval from governmental and other regulatory bodies.