SigmaTron International, Inc. (NASDAQ:SGMA) Traded Much Higher Than Its 50 Day Moving Average


It is currently trading at $9.49 which is significantly higher than the 50 day moving average of $8.53 and which is quite a bit higher than the 200 day moving average of $7.14. The 50 day moving average moved up $0.96 whereas the 200 day moving average was up $2.35 or +32.87%. 1,200 shares changed hands in the last trading session. Shares saw a steep decrease in trading volume of 96.16% under the normal average daily volume.

Investors are feeling more bearish on SigmaTron International, Inc. lately as shown by the uptick in short interest. The company had a rise in short interest between September 15, 2017 and September 29, 2017 of 23.05%. Short shares increased 5,010 over that timeframe. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares was 0.01% on September 29.

A few notable investment firms have updated their holdings. As of quarter end Creative Planning had bought a total of 82 shares growing its stake by 4.6%. The value of the investment in (SGMA) increased from $9,000 to $12,000 a change of 33.3% since the last quarter. Advisory Services Network, LLC divested its stake by shedding 320 shares a decrease of 13.8%. Advisory Services Network, LLC now controls 2,000 shares valued at $13,000. The total value of its holdings increased 8.3%.

Ubs Group Ag grew its investment by buying 2,531 shares an increase of 3,668.1% in the quarter. Ubs Group Ag claims 2,600 shares worth $17,000. The value of the position overall is up by inf%. As of the end of the quarter Acadian Asset Management LLC had acquired 819 shares growing its holdings by 39.9%. The value of the investment in SigmaTron International, Inc. went from $13,000 to $24,000 a change of $11,000 for the reporting period.

The company currently has a P/E ratio of 24.46 and the market value is 39.86M.

SigmaTron International, Inc., launched on November 16, 1993, is a 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 Company provides these manufacturing services through an international network of facilities located in the United States, Mexico, China, Vietnam and Taiwan..