SGMA Stock Dips Amidst Electronics Component Industry Movements

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Oct 04, 2024
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SGMA International (SGMA, Financial) experienced a significant stock movement with a 5.33% decline, bringing its share price to $3.02. The trading volume reached 23,606 shares with a turnover rate of 0.39% and a price fluctuation of 5.33%.

Recent financial reports reveal SGMA generated $84.78 million in revenue but reported a net loss of $3.29 million, equating to earnings per share of -$0.54. The gross profit was $6.41 million, and the price-to-earnings ratio stood at -3.07. Currently, no institutional investor has provided a "buy," "hold," or "sell" rating for the stock.

The broader electronics component industry saw a 0.79% increase. Within this sector, companies like Interlink Electronics, Inc., Ouster, Inc., and Tianhong Technology registered notable gains. Meanwhile, stocks such as Microcloud Hologram Inc C/Wts 31/01/2028 (To Pur Com), and Neonode Inc. demonstrated significant trading activity with amplitude rates of 15.43%, 11.44%, and 9.57%, respectively.

SGMA International specializes in electronic manufacturing services (EMS), offering a range of products from printed circuit board assemblies to fully assembled electronic products. Its major revenue source is Mexico, followed by the US, China, and Vietnam.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.