Siga Technologies (NASDAQ:SIGA) Trading Up 2.6% – What’s Next?

Siga Technologies Inc. (NASDAQ:SIGA) shares rose 2.6% on Monday . The company traded as high as $3.16 and last traded at $3.14. 889,197 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 659,892 shares. The stock had previously closed at $3.06.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Siga Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Siga Technologies Stock Up 2.6%

The stock has a market capitalization of $225.61 million, a P/E ratio of -62.80 and a beta of 0.97. The firm’s 50-day simple moving average is $3.35 and its 200 day simple moving average is $4.46.

Siga Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $41.00 million during the quarter. Siga Technologies had a negative net margin of 5.19% and a negative return on equity of 1.55%.

Institutional Trading of Siga Technologies

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of Siga Technologies by 418.1% in the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock valued at $25,000 after buying an additional 3,349 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Siga Technologies by 34.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock worth $30,000 after acquiring an additional 1,184 shares in the last quarter. CWM LLC boosted its stake in shares of Siga Technologies by 148.6% during the 4th quarter. CWM LLC now owns 5,027 shares of the company’s stock worth $31,000 after acquiring an additional 3,005 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Siga Technologies by 116.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock worth $44,000 after acquiring an additional 3,669 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Siga Technologies by 47.0% in the 4th quarter. Parallel Advisors LLC now owns 7,969 shares of the company’s stock worth $49,000 after acquiring an additional 2,549 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

About Siga Technologies

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.