SIGA Technologies (NASDAQ:SIGA) Shares Gap Down to $9.82

SIGA Technologies, Inc. (NASDAQ:SIGA) shares gapped down before the market opened on Thursday . The stock had previously closed at $9.82, but opened at $9.45. SIGA Technologies shares last traded at $9.39, with a volume of 279,344 shares changing hands.

SIGA Technologies Price Performance

The firm’s 50-day moving average price is $8.61 and its 200-day moving average price is $7.80. The stock has a market cap of $637.33 million, a P/E ratio of 8.43 and a beta of 0.94.

SIGA Technologies (NASDAQ:SIGA) last posted its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter. The company had revenue of $21.81 million during the quarter. SIGA Technologies had a net margin of 48.55% and a return on equity of 51.40%. During the same period in the previous year, the business posted ($0.04) earnings per share. Sell-side analysts expect that SIGA Technologies, Inc. will post 1.01 earnings per share for the current year.

Hedge Funds Weigh In On SIGA Technologies

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of SIGA Technologies by 251.2% during the 2nd quarter. American Century Companies Inc. now owns 841,759 shares of the company’s stock worth $6,389,000 after acquiring an additional 602,091 shares in the last quarter. First Wilshire Securities Management Inc. raised its stake in SIGA Technologies by 14.4% during the fourth quarter. First Wilshire Securities Management Inc. now owns 2,362,107 shares of the company’s stock valued at $13,228,000 after purchasing an additional 297,095 shares in the last quarter. Denali Advisors LLC bought a new position in SIGA Technologies during the second quarter valued at $1,815,000. Campbell & CO Investment Adviser LLC grew its stake in shares of SIGA Technologies by 453.4% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 218,953 shares of the company’s stock worth $1,226,000 after buying an additional 179,388 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of SIGA Technologies in the 1st quarter worth about $1,367,000. 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.