SigmaTron International Inc (NASDAQ:SGMA), a provider of electronic manufacturing services, announced on Tuesday the appointment of John P. Sheehan as a Class I Director of the company's board, effective today. Sheehan, who currently serves as the President of SigmaTron, will occupy the board position until the 2024 annual meeting of stockholders.
The decision, made by SigmaTron's board on the recommendation of the Nominating Committee, fills the vacancy created when Thomas W. Rieck was reclassified as a Class II Director on December 5, 2023. Sheehan's new role does not include participation in any board committees, and as an employee-director, he is ineligible for additional cash compensation or equity awards under the company's non-employee director compensation arrangements.
SigmaTron International, headquartered in Elk Grove Village, Illinois, operates within the printed circuit boards industry and is incorporated in Delaware. This announcement is based on a recent SEC filing by the company.
InvestingPro Insights
SigmaTron International Inc (NASDAQ:SGMA) has recently made strategic board changes, indicating potential shifts in the company's governance and direction. For investors considering SigmaTron's stock, current data from InvestingPro may provide valuable insights into the company's financial health and market position. As of the last twelve months ending in Q3 2024, SigmaTron has a market capitalization of $31.66 million and is trading at a low Price / Book multiple of 0.46, suggesting that the stock may be undervalued relative to its book value. Additionally, the company's P/E ratio stands at 27.45, with an adjusted P/E ratio for the same period at a significantly lower 5.2, which could indicate a more attractive earnings valuation.
InvestingPro Tips highlight that SigmaTron is trading at a low revenue valuation multiple and has had a high return over the last year, with a 65.55% one-year price total return. These metrics, combined with the fact that SigmaTron's liquid assets exceed its short-term obligations, can be particularly relevant for investors looking for stability and growth potential.
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