Siga Technologies (NASDAQ:SIGA) Posts Quarterly Earnings Results

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

Siga Technologies Stock Down 19.3%

Shares of NASDAQ:SIGA traded down $1.58 during trading on Friday, hitting $6.60. 582,008 shares of the company were exchanged, compared to its average volume of 466,021. Siga Technologies has a 1-year low of $4.95 and a 1-year high of $9.62. The company has a market capitalization of $472.24 million, a P/E ratio of 5.84 and a beta of 0.93. The business’s 50 day moving average is $8.59 and its 200-day moving average is $7.38.

Hedge Funds Weigh In On Siga Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in Siga Technologies by 34.1% in the second quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after purchasing an additional 1,184 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Siga Technologies by 116.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after buying an additional 3,669 shares during the period. Russell Investments Group Ltd. raised its holdings in Siga Technologies by 57.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,637 shares of the company’s stock valued at $102,000 after buying an additional 5,712 shares during the last quarter. Strs Ohio bought a new position in Siga Technologies in the 1st quarter valued at approximately $165,000. Finally, Oxford Asset Management LLP acquired a new stake in Siga Technologies during the 2nd quarter worth approximately $177,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SIGA. Weiss Ratings restated a “hold (c+)” rating on shares of Siga Technologies in a research report on Friday, October 31st. Wall Street Zen raised Siga Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.