SIGA Technologies (NASDAQ:SIGA) Shares Down 2.9%

Shares of SIGA Technologies, Inc. (NASDAQ:SIGA) fell 2.9% during mid-day trading on Thursday . The stock traded as low as $7.51 and last traded at $7.59. 44,559 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 716,570 shares. The stock had previously closed at $7.82.

SIGA Technologies Trading Down 5.9 %

The company has a market cap of $523.44 million, a price-to-earnings ratio of 7.11 and a beta of 0.94. The business has a fifty day moving average of $7.87 and a two-hundred day moving average of $6.78.

SIGA Technologies (NASDAQ:SIGA) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $25.43 million during the quarter. SIGA Technologies had a return on equity of 51.97% and a net margin of 50.48%. On average, research analysts forecast that SIGA Technologies, Inc. will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On SIGA Technologies

Large investors have recently bought and sold shares of the business. DAVENPORT & Co LLC raised its holdings in SIGA Technologies by 280.0% in the 4th quarter. DAVENPORT & Co LLC now owns 95,000 shares of the company’s stock worth $532,000 after purchasing an additional 70,000 shares during the period. China Universal Asset Management Co. Ltd. increased its stake in SIGA Technologies by 351.7% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company’s stock worth $46,000 after buying an additional 6,404 shares in the last quarter. Victory Capital Management Inc. increased its stake in SIGA Technologies by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 200,589 shares of the company’s stock worth $1,123,000 after buying an additional 11,557 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in SIGA Technologies by 453.4% during 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, First Wilshire Securities Management Inc. increased its stake in SIGA Technologies by 14.4% during the 4th quarter. First Wilshire Securities Management Inc. now owns 2,362,107 shares of the company’s stock worth $13,228,000 after buying an additional 297,095 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

About SIGA Technologies

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.