SIGA Technologies (NASDAQ:SIGA) Trading 3.3% Higher

Shares of SIGA Technologies, Inc. (NASDAQ:SIGA) traded up 3.3% on Tuesday . The stock traded as high as $7.92 and last traded at $7.80. 115,530 shares traded hands during trading, a decline of 84% from the average session volume of 716,453 shares. The stock had previously closed at $7.55.

SIGA Technologies Stock Performance

The company has a market cap of $558.29 million, a P/E ratio of 7.08 and a beta of 0.94. The firm has a 50 day moving average price of $7.82 and a two-hundred day moving average price of $6.82.

SIGA Technologies (NASDAQ:SIGA) last posted 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, sell-side analysts predict that SIGA Technologies, Inc. will post 1.18 EPS for the current fiscal year.

Institutional Trading of SIGA Technologies

A number of institutional investors have recently added to or reduced their stakes in SIGA. Onyx Bridge Wealth Group LLC raised its holdings in shares of SIGA Technologies by 15.0% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 13,000 shares of the company’s stock valued at $114,000 after acquiring an additional 1,700 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of SIGA Technologies by 8.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,180 shares of the company’s stock valued at $250,000 after purchasing an additional 2,218 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of SIGA Technologies by 200.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company’s stock valued at $45,000 after purchasing an additional 5,309 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in shares of SIGA Technologies by 66.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 13,660 shares of the company’s stock valued at $125,000 after purchasing an additional 5,435 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of SIGA Technologies by 11.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 52,526 shares of the company’s stock valued at $450,000 after purchasing an additional 5,468 shares during the last quarter. Hedge funds and other institutional investors 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.