Sigma Labs (NASDAQ:SGLB) Shares Pass Below 50-Day Moving Average of $2.50

Sigma Labs Inc. (NASDAQ:SGLB) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.50 and traded as low as $2.08. Sigma Labs shares last traded at $2.08, with a volume of 135,677 shares trading hands.

Separately, Dawson James assumed coverage on shares of Sigma Labs in a research note on Wednesday, July 29th. They issued a “buy” rating and a $5.00 target price for the company.

The company has a market capitalization of $8.17 million, a price-to-earnings ratio of -0.39 and a beta of 1.14. The company’s 50 day simple moving average is $2.50 and its two-hundred day simple moving average is $2.78.

Sigma Labs (NASDAQ:SGLB) last announced its earnings results on Thursday, July 23rd. The company reported ($0.49) earnings per share for the quarter. The firm had revenue of $0.17 million during the quarter. Sigma Labs had a negative net margin of 826.84% and a negative return on equity of 296.19%. Equities analysts predict that Sigma Labs Inc. will post -3.27 EPS for the current fiscal year.

Sigma Labs Company Profile (NASDAQ:SGLB)

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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