Siga Technologies (NASDAQ:SIGA) Stock Price Down 3.8% - Here's Why

Key Points

• Siga Technologies Inc. (NASDAQ:SIGA) experienced a 3.8% decline in stock price, trading as low as $8.60, with share volume down 63% from the average.
• Despite the drop, analysts have mixed views, with Weiss Ratings maintaining a "hold" rating and Wall Street Zen upgrading it to "strong-buy." The consensus rating remains a "Hold."
• The company reported a net margin of 45.73% and a return on equity of 40.52% in its last quarterly earnings, with expectations of posting $1.04 earnings per share for the current year.

Shares of Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) fell 3.8% during mid-day trading on Monday . The company traded as low as $8.60 and last traded at $8.61. 178,773 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 479,348 shares. The stock had previously closed at $8.95.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Siga Technologies in a research note on Saturday, September 27th. Wall Street Zen raised Siga Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Siga Technologies Stock Performance

The stock has a market capitalization of $589.35 million, a price-to-earnings ratio of 7.28 and a beta of 0.96. The firm's fifty day simple moving average is $8.49 and its 200 day simple moving average is $6.96.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $81.12 million during the quarter. Siga Technologies had a net margin of 45.73% and a return on equity of 40.52%. Analysts forecast that Siga Technologies Inc. will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Siga Technologies

A number of large investors have recently bought and sold shares of SIGA. BNP Paribas Financial Markets grew its stake in shares of Siga Technologies by 34.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company's stock worth $30,000 after acquiring an additional 1,184 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Siga Technologies during the second quarter worth $34,000. Tower Research Capital LLC TRC grew its position in Siga Technologies by 116.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company's stock valued at $44,000 after purchasing an additional 3,669 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Siga Technologies by 6,344.8% in the 1st quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company's stock valued at $54,000 after buying an additional 9,771 shares during the last quarter. Finally, Corton Capital Inc. bought a new stake in Siga Technologies during the 1st quarter worth about $58,000. Institutional investors and hedge funds 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.

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