Zacks Investment Research Lowers Sigma Labs (NASDAQ:SGLB) to Sell

Zacks Investment Research lowered shares of Sigma Labs (NASDAQ:SGLB) from a hold rating to a sell rating in a research note issued to investors on Tuesday, reports.

According to Zacks, “Sigma Labs Inc. develops and engineers advanced, in-process, non-destructive quality inspection systems for commercial firms, productive solutions for metal-based additive manufacturing or 3D printing and other advanced manufacturing technologies. Sigma Labs Inc. is based in Santa Fe, New Mexico. “

Shares of NASDAQ SGLB opened at $0.74 on Tuesday. Sigma Labs has a 52 week low of $0.70 and a 52 week high of $2.58. The business has a fifty day moving average price of $1.31.

Sigma Labs (NASDAQ:SGLB) last issued its earnings results on Wednesday, May 15th. The company reported ($0.16) EPS for the quarter. Sigma Labs had a negative return on equity of 209.49% and a negative net margin of 1,681.77%. The firm had revenue of $0.06 million during the quarter, compared to analysts’ expectations of $0.15 million. As a group, analysts anticipate that Sigma Labs will post -0.68 EPS for the current year.

A hedge fund recently bought a new stake in Sigma Labs stock. Geode Capital Management LLC purchased a new stake in Sigma Labs Inc. (NASDAQ:SGLB) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 24,951 shares of the company’s stock, valued at approximately $37,000. Geode Capital Management LLC owned approximately 0.29% of Sigma Labs as of its most recent SEC filing. 6.06% of the stock is owned by hedge funds and other institutional investors.

About Sigma Labs

Sigma Labs, Inc develops and commercializes manufacturing and materials technologies. It offers PrintRite3D quality assurance software apps primarily for 3D printing and additive manufacturing industries. The company's products are used in advanced manufacturing technologies to assure part quality in real time as the part is being made and enhance process control practices.

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