SIGA Technologies, Inc. (NASDAQ:SIGA – Get Rating)'s share price reached a new 52-week high on Friday . The stock traded as high as $23.00 and last traded at $22.26, with a volume of 250343 shares traded. The stock had previously closed at $19.47.
Analyst Ratings Changes
Separately, TheStreet downgraded SIGA Technologies from a "b" rating to a "c+" rating in a research note on Monday, May 23rd.
Get SIGA Technologies alerts:SIGA Technologies Stock Performance
The firm has a market capitalization of $1.69 billion, a P/E ratio of 24.27 and a beta of 0.63. The firm has a 50-day moving average of $13.56 and a 200-day moving average of $9.35.
SIGA Technologies (NASDAQ:SIGA – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $10.54 million during the quarter. SIGA Technologies had a net margin of 48.67% and a return on equity of 47.99%. On average, research analysts forecast that SIGA Technologies, Inc. will post 0.66 EPS for the current fiscal year.Hedge Funds Weigh In On SIGA Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. lifted its position in SIGA Technologies by 625.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 17,400 shares of the company's stock valued at $131,000 after acquiring an additional 15,000 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of SIGA Technologies during the 1st quarter valued at $512,000. BNP Paribas Arbitrage SA lifted its holdings in shares of SIGA Technologies by 257.9% during the 4th quarter. BNP Paribas Arbitrage SA now owns 32,038 shares of the company's stock valued at $241,000 after buying an additional 23,087 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of SIGA Technologies by 44.9% during the 4th quarter. Renaissance Technologies LLC now owns 893,504 shares of the company's stock valued at $6,719,000 after buying an additional 276,814 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of SIGA Technologies by 254.0% during the 4th quarter. Principal Financial Group Inc. now owns 37,837 shares of the company's stock valued at $285,000 after buying an additional 27,149 shares during the period. 34.52% of the stock is owned by institutional investors.
About SIGA Technologies
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on SIGA Technologies (SIGA)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc's Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It's Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for SIGA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIGA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
