Siga Technologies (NASDAQ:SIGA) Releases Quarterly Earnings Results

Siga Technologies (NASDAQ:SIGA) posted its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, Zacks reports. The company had revenue of $2.62 million during the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%.

Siga Technologies Price Performance

NASDAQ SIGA traded down $0.26 on Thursday, reaching $8.17. 325,612 shares of the company’s stock traded hands, compared to its average volume of 465,589. Siga Technologies has a 12 month low of $4.95 and a 12 month high of $9.62. The stock has a 50-day simple moving average of $8.59 and a 200 day simple moving average of $7.38. The stock has a market cap of $585.02 million, a PE ratio of 7.23 and a beta of 0.96.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SIGA. Wall Street Zen upgraded shares of Siga Technologies from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Siga Technologies in a research report on Friday, October 31st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Siga Technologies presently has an average rating of “Hold”.

Institutional Trading of Siga Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Siga Technologies by 143.2% in the 2nd quarter. Bank of America Corp DE now owns 405,730 shares of the company’s stock worth $2,645,000 after buying an additional 238,869 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Siga Technologies by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 362,961 shares of the company’s stock valued at $2,367,000 after purchasing an additional 1,991 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Siga Technologies by 34.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 266,905 shares of the company’s stock valued at $1,740,000 after purchasing an additional 68,876 shares during the period. First Trust Advisors LP grew its stake in shares of Siga Technologies by 5.5% during the 2nd quarter. First Trust Advisors LP now owns 150,913 shares of the company’s stock valued at $984,000 after purchasing an additional 7,828 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Siga Technologies by 138.4% during the 1st quarter. Jane Street Group LLC now owns 114,147 shares of the company’s stock valued at $626,000 after purchasing an additional 66,265 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Siga Technologies Company Profile

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.