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SigmaTron International, Inc. Reports Financial Results for the Third Quarter of Fiscal 2024
Globe Newswire (Fri, 8-Mar 8:00 AM ET)
Sigmatron International Inc is an independent provider of electronic manufacturing services (EMS). It provides printed circuit board assemblies and completely assembled electronic products. In addition, it also provides automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; warehousing and distribution services. The company primarily serves the industrial electronics, consumer electronics, and medical sciences industries. It has two reportable segments as an independent provider of electronic manufacturing services ("EMS") and as a provider of products to pet technology ("Pet Tech"). Geographically, it derives a majority of its revenue from Mexico and also has a presence in China and Vietnam.
Sigmatron Intl trades on the NASDAQ stock market under the symbol SGMA.
As of March 28, 2024, SGMA stock price declined to $3.63 with 12,181 million shares trading.
SGMA has a beta of 0.89, meaning it tends to be less sensitive to market movements. SGMA has a correlation of 0.01 to the broad based SPY ETF.
SGMA has a market cap of $22.11 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, SGMA stock traded as high as $17.30 and as low as $2.07.
The top ETF exchange traded funds that SGMA belongs to (by Net Assets): VTI, VXF, DFAT, DCOR.
SGMA has outperformed the market in the last year with a price return of +57.8% while the SPY ETF gained +33.6%. However, in the short term, SGMA had mixed performance relative to the market. It has underperformed in the last 3 months, returning +9.3% vs +10.1% return in SPY. But in the last 2 weeks, SGMA shares have fared better than the market returning +10.0% compared to SPY +1.7%.
SGMA support price is $3.54 and resistance is $3.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SGMA stock will trade within this expected range on the day.