Siga Technologies (NASDAQ:SIGA) Stock Price Up 0.2% – Should You Buy?

Siga Technologies Inc. (NASDAQ:SIGA)’s stock price shot up 0.2% during trading on Wednesday . The stock traded as high as $4.36 and last traded at $4.31. 504,157 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 408,336 shares. The stock had previously closed at $4.30.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Siga Technologies presently has a consensus rating of “Hold”.

Siga Technologies Stock Up 0.2%

The company has a market capitalization of $309.11 million, a PE ratio of 15.96 and a beta of 0.91. The firm has a 50-day moving average of $4.50 and a two-hundred day moving average of $5.60.

Siga Technologies (NASDAQ:SIGA) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $6.24 million during the quarter. Siga Technologies had a return on equity of 10.60% and a net margin of 21.58%.

Siga Technologies Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, April 7th were given a $0.60 dividend. The ex-dividend date was Tuesday, April 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Siga Technologies by 418.1% during the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock worth $25,000 after buying an additional 3,349 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Siga Technologies by 34.1% during the second quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock worth $30,000 after buying an additional 1,184 shares during the period. CWM LLC boosted its position in shares of Siga Technologies by 148.6% during the fourth quarter. CWM LLC now owns 5,027 shares of the company’s stock worth $31,000 after buying an additional 3,005 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Siga Technologies by 116.6% during the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock worth $44,000 after buying an additional 3,669 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Siga Technologies by 47.0% in the fourth quarter. Parallel Advisors LLC now owns 7,969 shares of the company’s stock valued at $49,000 after purchasing an additional 2,549 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Siga Technologies Company Profile

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.