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SIGA Technologies (NASDAQ:SIGA) Stock Price Up 10.6%

Defense World ·  Nov 6, 2022 17:21

SIGA Technologies, Inc. (NASDAQ:SIGA – Get Rating)'s stock price was up 10.6% during trading on Friday . The stock traded as high as $9.19 and last traded at $9.15. Approximately 52,632 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,258,051 shares. The stock had previously closed at $8.27.

SIGA Technologies Trading Up 11.4 %

The firm has a market cap of $672.51 million, a price-to-earnings ratio of 6.35 and a beta of 0.73. The stock's 50 day moving average is $10.90 and its 200 day moving average is $12.48.

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

Institutional Investors Weigh In On SIGA Technologies

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in SIGA Technologies during the 2nd quarter valued at approximately $3,782,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SIGA Technologies in the second quarter valued at $3,346,000. Kempen Capital Management N.V. increased its holdings in SIGA Technologies by 19.5% during the 1st quarter. Kempen Capital Management N.V. now owns 1,376,982 shares of the company's stock worth $9,763,000 after purchasing an additional 224,423 shares in the last quarter. Royce & Associates LP grew its holdings in SIGA Technologies by 154.1% during the third quarter. Royce & Associates LP now owns 327,027 shares of the company's stock worth $3,368,000 after buying an additional 198,345 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of SIGA Technologies in the 1st quarter worth $1,133,000. Institutional investors and hedge funds own 42.55% of the company's stock.

SIGA Technologies Company Profile

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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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