Insider Buying: Sigma Labs Inc. (NASDAQ:SGLB) CEO Buys $350,000.00 in Stock

Sigma Labs Inc. (NASDAQ:SGLB) CEO Carl I. Schwartz bought 500,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $0.70 per share, with a total value of $350,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of SGLB stock opened at $0.74 on Friday. Sigma Labs Inc. has a 1 year low of $0.59 and a 1 year high of $2.58. The firm has a fifty day moving average price of $1.03 and a 200-day moving average price of $1.42. The company has a market cap of $10.20 million, a price-to-earnings ratio of -0.91 and a beta of 0.02.

A hedge fund recently bought a new stake in Sigma Labs stock. Geode Capital Management LLC acquired a new stake in shares of Sigma Labs Inc. (NASDAQ:SGLB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 24,951 shares of the company’s stock, valued at approximately $37,000. Geode Capital Management LLC owned 0.29% of Sigma Labs at the end of the most recent reporting period. Institutional investors and hedge funds own 6.06% of the company’s stock.

SGLB has been the subject of a number of recent research reports. Aegis initiated coverage on shares of Sigma Labs in a research report on Friday, August 16th. They set a “buy” rating and a $2.00 price objective for the company. Zacks Investment Research downgraded shares of Sigma Labs from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th.

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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