SIGA Technologies (NASDAQ:SIGA) Trading 10.5% Higher – Still a Buy?

SIGA Technologies, Inc. (NASDAQ:SIGA) traded up 10.5% on Monday . The company traded as high as $7.21 and last traded at $7.16. 555,769 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 877,156 shares. The stock had previously closed at $6.48.

SIGA Technologies Price Performance

The firm has a 50-day moving average of $6.99 and a 200-day moving average of $7.85. The stock has a market cap of $525.50 million, a PE ratio of 6.13 and a beta of 0.89.

SIGA Technologies (NASDAQ:SIGA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. The firm had revenue of $10.01 million for the quarter. Equities analysts forecast that SIGA Technologies, Inc. will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SIGA. Vanguard Group Inc. boosted its stake in SIGA Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company’s stock valued at $19,548,000 after buying an additional 41,515 shares during the last quarter. AltraVue Capital LLC raised its holdings in shares of SIGA Technologies by 6.6% during the 2nd quarter. AltraVue Capital LLC now owns 2,177,646 shares of the company’s stock worth $16,528,000 after acquiring an additional 134,450 shares in the last quarter. Tidal Investments LLC bought a new position in shares of SIGA Technologies during the 1st quarter valued at approximately $157,000. Harbor Capital Advisors Inc. purchased a new position in shares of SIGA Technologies in the third quarter valued at $1,098,000. Finally, Allspring Global Investments Holdings LLC increased its position in SIGA Technologies by 172.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 211,236 shares of the company’s stock worth $1,426,000 after purchasing an additional 133,597 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

About SIGA Technologies

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.