SIGA Technologies (NASDAQ:SIGA) Stock Price Up 6.8%

SIGA Technologies, Inc. (NASDAQ:SIGA) shares rose 6.8% during trading on Thursday . The stock traded as high as $8.51 and last traded at $8.51. Approximately 289,023 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 962,511 shares. The stock had previously closed at $7.97.

SIGA Technologies Stock Down 1.2 %

The company has a market cap of $599.57 million, a P/E ratio of 7.66 and a beta of 0.91. The company has a fifty day moving average of $9.02 and a 200 day moving average of $8.29.

SIGA Technologies (NASDAQ:SIGA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter. SIGA Technologies had a return on equity of 51.40% and a net margin of 48.55%. The company had revenue of $21.81 million during the quarter. During the same period in the previous year, the firm earned ($0.04) EPS. As a group, research analysts forecast that SIGA Technologies, Inc. will post 1.01 EPS for the current year.

Institutional Trading of SIGA Technologies

Large investors have recently modified their holdings of the company. Onyx Bridge Wealth Group LLC lifted its position in SIGA Technologies by 15.0% during the first quarter. Onyx Bridge Wealth Group LLC now owns 13,000 shares of the company’s stock valued at $114,000 after purchasing an additional 1,700 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in SIGA Technologies by 8.2% during the first 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 in the last quarter. Rhumbline Advisers lifted its position in SIGA Technologies by 4.2% during the second quarter. Rhumbline Advisers now owns 69,947 shares of the company’s stock valued at $531,000 after purchasing an additional 2,851 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in SIGA Technologies by 27.0% during the second quarter. Linden Thomas Advisory Services LLC now owns 15,871 shares of the company’s stock valued at $120,000 after purchasing an additional 3,370 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in SIGA Technologies by 38.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,684 shares of the company’s stock valued at $104,000 after purchasing an additional 3,829 shares in the last quarter. 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.