SIGA Technologies (NASDAQ:SIGA) Shares Gap Down to $13.20

SIGA Technologies, Inc. (NASDAQ:SIGAGet Rating) shares gapped down prior to trading on Thursday . The stock had previously closed at $13.20, but opened at $12.39. SIGA Technologies shares last traded at $13.05, with a volume of 10,934 shares traded.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of SIGA Technologies from a “b” rating to a “c+” rating in a report on Monday, May 23rd.

SIGA Technologies Stock Performance

The firm’s 50-day moving average price is $17.44 and its two-hundred day moving average price is $11.81. The firm has a market capitalization of $863.14 million, a price-to-earnings ratio of 12.31 and a beta of 0.67.

SIGA Technologies (NASDAQ:SIGAGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.03 earnings per share for the quarter. SIGA Technologies had a net margin of 48.67% and a return on equity of 48.79%. The company had revenue of $16.67 million during the quarter. As a group, equities research analysts anticipate that SIGA Technologies, Inc. will post 0.66 EPS for the current year.

Institutional Investors Weigh In On SIGA Technologies

A number of institutional investors and hedge funds have recently modified their holdings of SIGA. Cubist Systematic Strategies LLC bought a new stake in shares of SIGA Technologies during the second quarter worth approximately $3,782,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of SIGA Technologies during the second quarter worth approximately $3,346,000. Renaissance Technologies LLC raised its stake in shares of SIGA Technologies by 44.9% during the fourth quarter. Renaissance Technologies LLC now owns 893,504 shares of the company’s stock worth $6,719,000 after buying an additional 276,814 shares during the last quarter. Kempen Capital Management N.V. increased its stake in SIGA Technologies by 19.5% in the first quarter. Kempen Capital Management N.V. now owns 1,376,982 shares of the company’s stock valued at $9,763,000 after purchasing an additional 224,423 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in SIGA Technologies in the first quarter valued at approximately $1,133,000. 42.55% of the stock is owned by institutional investors.

About SIGA Technologies

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SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security and infectious disease 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. SIGA Technologies, Inc has a strategic partnership with Cipla Therapeutics to deliver sustained innovation and access to antibacterial drugs primarily against biothreats.

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