SIGA Technologies (NASDAQ:SIGA) Shares Gap Up to $9.64

SIGA Technologies, Inc. (NASDAQ:SIGAGet Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.64, but opened at $10.18. SIGA Technologies shares last traded at $11.05, with a volume of 153,583 shares trading hands.

A number of research analysts recently issued reports on SIGA shares. Zacks Investment Research upgraded shares of SIGA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 13th. TheStreet downgraded shares of SIGA Technologies from a “b” rating to a “c+” rating in a research report on Monday.

The firm has a market cap of $814.58 million, a P/E ratio of 11.88 and a beta of 0.50. The stock’s 50 day simple moving average is $7.46 and its 200 day simple moving average is $7.27.

SIGA Technologies (NASDAQ:SIGAGet Rating) last announced its quarterly earnings results on Thursday, March 3rd. The company reported $0.98 EPS for the quarter. The business had revenue of $115.40 million during the quarter. SIGA Technologies had a net margin of 50.13% and a return on equity of 49.45%. Analysts expect that SIGA Technologies, Inc. will post 0.67 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Tuesday, May 17th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, May 16th.

A number of hedge funds have recently made changes to their positions in SIGA. Royal Bank of Canada increased its stake in SIGA Technologies by 39.4% in the 3rd quarter. Royal Bank of Canada now owns 7,516 shares of the company’s stock valued at $56,000 after buying an additional 2,126 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of SIGA Technologies by 378.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,951 shares of the company’s stock worth $66,000 after buying an additional 7,079 shares during the last quarter. Citigroup Inc. boosted its stake in shares of SIGA Technologies by 18.1% in the 3rd quarter. Citigroup Inc. now owns 10,299 shares of the company’s stock worth $76,000 after buying an additional 1,575 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of SIGA Technologies in the 3rd quarter worth approximately $79,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of SIGA Technologies in the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 34.52% of the company’s stock.

About SIGA Technologies (NASDAQ:SIGA)

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security and infectious disease 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. SIGA Technologies, Inc has a strategic partnership with Cipla Therapeutics to deliver sustained innovation and access to antibacterial drugs primarily against biothreats.

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