Sigma Labs (NASDAQ:SGLB) Stock Rating Lowered by Zacks Investment Research
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 $1.24 on Friday. The stock has a market capitalization of $13.56 million, a price-to-earnings ratio of -1.53 and a beta of 0.05. The company has a 50 day moving average price of $1.34. Sigma Labs has a 52-week low of $0.81 and a 52-week high of $2.58.
A hedge fund recently bought a new stake in Sigma Labs stock. Geode Capital Management LLC acquired a new position in Sigma Labs Inc. (NASDAQ:SGLB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 currently owned by institutional investors and hedge funds.
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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