Sigma Labs (SGLB) Releases Quarterly Earnings Results, Hits Expectations
Sigma Labs (NASDAQ:SGLB) posted its quarterly earnings data on Wednesday. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16), Morningstar.com reports. Sigma Labs had a negative return on equity of 168.04% and a negative net margin of 1,294.78%. The company had revenue of $0.13 million during the quarter, compared to analysts’ expectations of $0.12 million.
Shares of SGLB traded down $0.08 during mid-day trading on Thursday, hitting $1.69. The company’s stock had a trading volume of 1,342 shares, compared to its average volume of 281,820. Sigma Labs has a one year low of $0.73 and a one year high of $4.48. The stock has a market capitalization of $15.84 million, a price-to-earnings ratio of -1.69 and a beta of -1.51.
Separately, Dawson James reissued a “buy” rating on shares of Sigma Labs in a research report on Thursday, September 27th.
Sigma Labs Company Profile
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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