Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) rose 13.9% on Wednesday . The company traded as high as $7.63 and last traded at $7.52. Approximately 178,646 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 447,124 shares. The stock had previously closed at $6.60.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Siga Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday.
View Our Latest Stock Report on SIGA
Siga Technologies Price Performance
The stock has a 50 day moving average price of $6.67 and a two-hundred day moving average price of $6.13. The firm has a market capitalization of $641.59 million, a price-to-earnings ratio of 7.93 and a beta of 0.94.
Siga Technologies (NASDAQ:SIGA - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $81.12 million during the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%. As a group, research analysts expect that Siga Technologies Inc. will post 1.04 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SIGA. DekaBank Deutsche Girozentrale acquired a new position in shares of Siga Technologies during the 2nd quarter worth about $34,000. Russell Investments Group Ltd. boosted its position in shares of Siga Technologies by 6,344.8% during the 1st quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company's stock worth $54,000 after acquiring an additional 9,771 shares in the last quarter. Corton Capital Inc. acquired a new position in shares of Siga Technologies during the 1st quarter worth about $58,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Siga Technologies during the 4th quarter worth about $78,000. Finally, Bailard Inc. acquired a new position in shares of Siga Technologies during the 2nd quarter worth about $78,000. 55.40% of the stock is owned by institutional investors and hedge funds.
About Siga Technologies
(
Get Free Report)
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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