SigmaTron Intl. Shares Higher After News of Wagz Merger

By Stephen Nakrosis

Shares of SigmaTron International Inc. are trading higher on the Nasdaq Wednesday, following news the electronic manufacturing services company agreed to a merger deal with Wagz Inc.

Privately-held Wagz makes the Freedom Smart Dog Collar, which the company said offers a “no-shock geofence containment system and real-time GPS,” among other monitoring features.

At 3:31 p.m. ET, shares of SigmaTron were trading 7.6% higher at $5.43. Volume at the time topped 6.2 million shares, above the stock’s 65-day average volume of 54,536.

Earlier in the session, SigmaTron’s stock reached a 52-week high of $7.25 a share.

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