Siga Technologies (NASDAQ:SIGA) Issues Earnings Results

Siga Technologies (NASDAQ:SIGA) reported its quarterly earnings, showing a loss of ($0.09) EPS and revenue of $2.62 million. The company has a net margin of 45.73% and a return on equity of 40.52%. Following the announcement, SIGA's stock fell by 3.1%, trading at $8.17. Analysts maintain a "Hold" rating on the stock, with some upgrades noted. Institutional investors hold 55.40% of the shares. Siga Technologies focuses on health security markets, with its lead product being TPOXX, an antiviral for smallpox treatment.

Siga Technologies (NASDAQ:SIGA - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.09) EPS for the quarter, Zacks reports. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%.The company had revenue of $2.62 million for the quarter.

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NASDAQ:SIGA traded down $0.26 during trading hours on Thursday, hitting $8.17. 325,612 shares of the company traded hands, compared to its average volume of 465,589. The firm's 50-day simple moving average is $8.59 and its 200-day simple moving average is $7.38. Siga Technologies has a one year low of $4.95 and a one year high of $9.62. The company has a market cap of $585.02 million, a PE ratio of 7.23 and a beta of 0.96.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SIGA. Weiss Ratings reissued a "hold (c+)" rating on shares of Siga Technologies in a report on Friday, October 31st. Wall Street Zen raised shares of Siga Technologies from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Siga Technologies presently has an average rating of "Hold".

Check Out Our Latest Analysis on SIGA

Hedge Funds Weigh In On Siga Technologies

Several large investors have recently bought and sold shares of SIGA. Envestnet Asset Management Inc. bought a new stake in shares of Siga Technologies during the third quarter valued at about $203,000. Tower Research Capital LLC TRC increased its position in shares of Siga Technologies by 116.6% during the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company's stock valued at $44,000 after buying an additional 3,669 shares during the period. Corient Private Wealth LLC increased its position in shares of Siga Technologies by 132.8% during the second quarter. Corient Private Wealth LLC now owns 28,194 shares of the company's stock valued at $184,000 after buying an additional 16,082 shares during the period. Oxford Asset Management LLP bought a new stake in shares of Siga Technologies during the second quarter valued at about $177,000. Finally, BNP Paribas Financial Markets increased its position in shares of Siga Technologies by 34.1% during the second quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company's stock valued at $30,000 after buying an additional 1,184 shares during the period. 55.40% of the stock is currently owned by institutional investors.

Siga Technologies Company Profile

(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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