Notable Runner: What’s SigmaTron International Downside After Achieving Yearly Low?

Notable Runner: What's SigmaTron International Downside After Achieving Yearly Low?

The stock of SigmaTron International (NASDAQ:SGMA) hit a new 52-week low and has $4.70 target or 11.00% below today’s $5.28 share price. The 6 months bearish chart indicates high risk for the $22.06 million company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $4.70 price target is reached, the company will be worth $2.43M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 11,926 shares traded hands or 36.99% up from the average. SigmaTron International (NASDAQ:SGMA) has declined 14.31% since March 28, 2016 and is downtrending. It has underperformed by 19.02% the S&P500.

According to Zacks Investment Research, “Sigmatron International Inc. is an independent provider of electronic manufacturing services, which includes printed circuit board assemblies and completely assembled electronic products. Included among the wide range of services the company offers its customers are automatic and manual assembly and testing of products, material sourcing and procurement, design, manufacturing and test engineering support, warehousing and shipment services, and assistance in obtaining product approvals from governmental and other regulatory bodies.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 3.64, from 4.5 in 2016Q1. The ratio worsened, as 3 funds sold all SigmaTron International shares owned while 4 reduced positions. 2 funds bought stakes while 4 increased positions. They now own 1.24 million shares or 49.27% less from 2.45 million shares in 2016Q1.
Renaissance Techs Lc last reported 0% of its portfolio in the stock. Advisory Svcs Networks Limited Liability Corp has invested 0% of its portfolio in SigmaTron International (NASDAQ:SGMA). Walleye Trading Lc holds 332 shares or 0% of its portfolio. Morgan Stanley last reported 0% of its portfolio in the stock. Moreover, Acadian Asset Management Limited Liability Corp has 0% invested in SigmaTron International (NASDAQ:SGMA) for 61 shares. Tower Rech Capital Limited Liability (Trc) has invested 0% of its portfolio in SigmaTron International (NASDAQ:SGMA). Geode Mngmt Lc has 0% invested in the company for 11,463 shares. Alexandria Capital Ltd Liability holds 4,100 shares or 0% of its portfolio. Blackrock Fund Advsrs has 0% invested in the company for 933 shares. Creative Planning has invested 0% of its portfolio in SigmaTron International (NASDAQ:SGMA). Blackrock Institutional Trust Na accumulated 191,281 shares or 0% of the stock. Wells Fargo Communication Mn holds 0% or 2,200 shares in its portfolio. Earnest Prtnrs Ltd Liability Company owns 1,900 shares or 0% of their US portfolio. Grt Capital Partners Ltd Liability Corp accumulated 0.02% or 10,340 shares. Moreover, Vanguard Gru has 0% invested in SigmaTron International (NASDAQ:SGMA) for 33,597 shares.

More notable recent SigmaTron International (NASDAQ:SGMA) news were published by: Globenewswire.com which released: “SigmaTron International, Inc. Reports First Quarter Financial Results for …” on September 12, 2016, also Globenewswire.com with their article: “SigmaTron International, Inc. Announces Acquisition of Spitfire Control, Inc.” published on June 01, 2012, Seekingalpha.com published: “SigmaTron Still A Buy After Recent Results” on August 03, 2016. More interesting news about SigmaTron International (NASDAQ:SGMA) were released by: Benzinga.com and their article: “Fox On Stocks’ 17-Year-Old Rachel Fox Teaches A New Generation How To Trade” published on March 18, 2014 as well as Seekingalpha.com‘s news article titled: “SigmaTron Q1 – One Challenging Quarter Does Not Make The Stock A Sell” with publication date: September 19, 2016.

SGMA Company Profile

SigmaTron International, Inc., incorporated on November 16, 1993, is a well-known provider of electronic manufacturing service (EMS), which includes printed circuit board assemblies (PCBA), and assembled (box-build) electronic products. In connection with the production of assembled products, the Company also provides services to its customers, including automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support, and assistance in obtaining product approval from governmental and other regulatory bodies. The Firm provides these manufacturing services through an international network of facilities located in the United States, Mexico, China, Vietnam and Taiwan.

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