SIGA Technologies (NASDAQ:SIGA) Shares Down 2.4%

SIGA Technologies, Inc. (NASDAQ:SIGA)’s share price fell 2.4% on Tuesday . The company traded as low as $8.23 and last traded at $8.23. 11,983 shares traded hands during trading, a decline of 99% from the average session volume of 960,012 shares. The stock had previously closed at $8.43.

SIGA Technologies Trading Down 4.2 %

The firm has a 50-day moving average of $9.01 and a two-hundred day moving average of $8.36. The firm has a market capitalization of $574.67 million, a P/E ratio of 7.40 and a beta of 0.91.

SIGA Technologies (NASDAQ:SIGA) last released its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter. The business had revenue of $21.81 million during the quarter. SIGA Technologies had a net margin of 48.55% and a return on equity of 51.40%. During the same period in the prior year, the company posted ($0.04) EPS. On average, sell-side analysts anticipate that SIGA Technologies, Inc. will post 1.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in SIGA Technologies by 23.0% during the 4th quarter. Principal Financial Group Inc. now owns 57,781 shares of the company’s stock valued at $324,000 after buying an additional 10,813 shares in the last quarter. First Wilshire Securities Management Inc. increased its stake in shares of SIGA Technologies by 14.4% during the fourth quarter. First Wilshire Securities Management Inc. now owns 2,362,107 shares of the company’s stock valued at $13,228,000 after buying an additional 297,095 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in shares of SIGA Technologies by 453.4% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 218,953 shares of the company’s stock valued at $1,226,000 after purchasing an additional 179,388 shares in the last quarter. Steward Partners Investment Solutions LLC purchased a new position in shares of SIGA Technologies during the 4th quarter worth approximately $58,000. Finally, Allspring Global Investments Holdings LLC grew its stake in SIGA Technologies by 11.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 52,526 shares of the company’s stock worth $450,000 after purchasing an additional 5,468 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

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.