SIGA Technologies (NASDAQ:SIGA) Shares Gap Down to $11.97

SIGA Technologies, Inc. (NASDAQ:SIGA) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.97, but opened at $6.95. SIGA Technologies shares last traded at $7.18, with a volume of 4,617,846 shares.

SIGA Technologies Stock Down 26.6 %

The stock has a market cap of $625.17 million, a PE ratio of 6.39 and a beta of 0.94. The stock has a fifty day moving average of $8.40 and a 200-day moving average of $7.62.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $21.81 million for the quarter. SIGA Technologies had a net margin of 48.55% and a return on equity of 51.40%. During the same quarter last year, the business earned ($0.04) earnings per share. Equities research analysts forecast that SIGA Technologies, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in SIGA Technologies by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 200,589 shares of the company’s stock worth $1,123,000 after purchasing an additional 11,557 shares during the period. Principal Financial Group Inc. increased its position in shares of SIGA Technologies by 23.0% in the fourth 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 position in shares of SIGA Technologies by 14.4% in 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 in the last quarter. Campbell & CO Investment Adviser LLC raised 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 worth $1,226,000 after buying an additional 179,388 shares during the last quarter. Finally, Steward Partners Investment Solutions LLC acquired a new stake in SIGA Technologies in the 4th quarter valued at about $58,000. 55.40% of the stock is 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.