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

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

Analyst Ratings Changes

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

Siga Technologies Stock Up 0.2%

The company has a market cap of $309.11 million, a PE ratio of 15.96 and a beta of 0.91. The business has a 50-day simple moving average of $4.50 and a 200-day simple moving average of $5.60.

Siga Technologies (NASDAQ:SIGA) last announced its earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter. Siga Technologies had a net margin of 21.58% and a return on equity of 10.60%. The firm had revenue of $6.24 million for the quarter.

Siga Technologies Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, April 7th.

Hedge Funds Weigh In On Siga Technologies

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings 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 valued at $25,000 after acquiring an additional 3,349 shares during the last quarter. BNP Paribas Financial Markets raised its holdings 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 valued at $30,000 after acquiring an additional 1,184 shares during the last quarter. CWM LLC raised its holdings in shares of Siga Technologies by 148.6% during the fourth quarter. CWM LLC now owns 5,027 shares of the company’s stock valued at $31,000 after acquiring an additional 3,005 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings 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 valued at $44,000 after acquiring an additional 3,669 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Siga Technologies by 47.0% during the fourth quarter. Parallel Advisors LLC now owns 7,969 shares of the company’s stock valued at $49,000 after acquiring an additional 2,549 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.