Weiss Ratings Reiterates “Hold (C+)” Rating for Siga Technologies (NASDAQ:SIGA)

Siga Technologies (NASDAQ:SIGA)‘s stock had its “hold (c+)” rating reiterated by research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Siga Technologies from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Siga Technologies has an average rating of “Hold”.

Siga Technologies Trading Down 0.4%

SIGA stock opened at $8.28 on Friday. The stock has a market cap of $592.90 million, a price-to-earnings ratio of 7.33 and a beta of 0.96. The business’s 50-day moving average is $8.61 and its 200 day moving average is $7.33. Siga Technologies has a 12-month low of $4.95 and a 12-month high of $9.62.

Siga Technologies (NASDAQ:SIGA) last issued its earnings results on Tuesday, August 5th. The company reported $0.49 earnings per share for the quarter. The business had revenue of $81.12 million for the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%. As a group, equities analysts forecast that Siga Technologies will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC lifted its holdings in Siga Technologies by 52.9% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company’s stock valued at $17,308,000 after acquiring an additional 1,093,080 shares during the last quarter. American Century Companies Inc. lifted its holdings in Siga Technologies by 2.5% in the second quarter. American Century Companies Inc. now owns 1,405,174 shares of the company’s stock valued at $9,162,000 after acquiring an additional 34,514 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Siga Technologies by 0.6% in the second quarter. New York State Common Retirement Fund now owns 593,050 shares of the company’s stock valued at $3,867,000 after acquiring an additional 3,430 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its holdings in Siga Technologies by 0.7% in the first quarter. Uniplan Investment Counsel Inc. now owns 504,561 shares of the company’s stock valued at $2,765,000 after acquiring an additional 3,572 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in Siga Technologies by 1.4% in the first quarter. Foundry Partners LLC now owns 447,783 shares of the company’s stock valued at $2,454,000 after acquiring an additional 6,054 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.