SigmaTron International Inc (NASDAQ: SGMA) has recently enjoyed extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and its longer term price trend turned up.
Recent important positive changes in fundamentals have benefitted SigmaTron International Inc (NASDAQ: SGMA): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SGMA is expected to continue to be an important Value Builder.
SigmaTron International has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. SigmaTron International has a very high Power Rating of 91 and a very high Appreciation Score of 94, with the Highest Value Trend Rating the result.
Recent Price Action
On 6/21/24, SigmaTron International Inc (NASDAQ: SGMA) stock enjoyed a large increase of 3.9%, closing at $5.38. Moreover, exceptionally high trading volume at 203% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.4% during the last week.
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