Zacks Initiates Coverage of SigmaTron With Underperform Recommendation

Zacks Investment Research has recently initiated coverage of SigmaTron International, Inc. (SGMA) with an Underperform recommendation, citing several critical risk factors that could impede the company's future performance. Illinois-based SigmaTron carries a substantial long-term debt of $79.8 million as of Jan 31, 2024. This heavy debt load is a critical risk, as the company must meet strict financial covenants. Any non-compliance could result in defaults, accelerated debt repayments and increased interest ...