The stock of SigmaTron International (NASDAQ:SGMA) hit a new 52-week low and has $4.62 target or 11.00% below today’s $5.19 share price. The 6 months bearish chart indicates high risk for the $21.60M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $4.62 price target is reached, the company will be worth $2.38 million 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. The stock decreased 0.76% or $0.04 on November 2, hitting $5.19. About 20,644 shares traded hands or 112.67% up from the average. SigmaTron International (NASDAQ:SGMA) has declined 15.78% since March 31, 2016 and is downtrending. It has underperformed by 18.30% 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 Q2 2016. Its down 3.64, from 4.5 in 2016Q1. The ratio is negative, 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.
The Massachusetts-based Grt Capital Prns Ltd Company has invested 0.02% in SigmaTron International (NASDAQ:SGMA). Alexandria Llc has 4,100 shares for 0% of their US portfolio. Wells Fargo Mn, a California-based fund reported 2,200 shares. The Ontario – Canada-based Royal Bancorp Of Canada has invested 0% in SigmaTron International (NASDAQ:SGMA). Blackrock Institutional Trust Company Na has invested 0% of its portfolio in SigmaTron International (NASDAQ:SGMA). Acadian Asset Mngmt Lc has 61 shares for 0% of their US portfolio. Renaissance Ltd Llc has 0% invested in the company for 129,500 shares. Moreover, Advisory Ser Limited Com has 0% invested in SigmaTron International (NASDAQ:SGMA) for 2,320 shares. Earnest Partners Limited Company holds 0% of its portfolio in SigmaTron International (NASDAQ:SGMA) for 1,900 shares. Dimensional Fund Advsrs Limited Partnership, a Texas-based fund reported 56,106 shares. Tower (Trc) owns 679 shares or 0% of their US portfolio. Geode Cap Mngmt owns 11,463 shares or 0% of their US portfolio. Creative Planning has 1,800 shares for 0% of their US portfolio. Fmr Limited Liability has 318,319 shares for 0% of their US portfolio. Pnc Fincl Svcs Gp, a Pennsylvania-based fund reported 7,000 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 Seekingalpha.com with their article: “SigmaTron Still A Buy After Recent Results” published on August 03, 2016, Benzinga.com published: “Fox On Stocks’ 17-Year-Old Rachel Fox Teaches A New Generation How To Trade” on March 18, 2014. More interesting news about SigmaTron International (NASDAQ:SGMA) were released by: Seekingalpha.com and their article: “SigmaTron Q1 – One Challenging Quarter Does Not Make The Stock A Sell” published on September 19, 2016 as well as Prweb.com‘s news article titled: “SigmaTron Opens its New Manufacturing Facility in Tijuana, Mexico” with publication date: August 29, 2012.
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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