NEW YORK (

TheStreet

) -- Shares of

Siga Technologies

(Nasdaq:

SIGA

) were gapping up Friday morning with an open price 11.5% higher than Thursday's closing price. The stock closed at $2.69 Thursday and opened today's trading at $3.

The average volume for Siga has been 704,500 shares per day over the past 30 days. Siga has a market cap of $242.2 million and is part of the

health care

sector and

drugs

industry. Shares are down 80.8% year to date as of the close of trading on Thursday.

SIGA Technologies, Inc., a bio-defense company, engages in the research, discovery, development, and commercialization of novel products for the prevention and treatment of infectious diseases.

TheStreet Recommends

TheStreet Ratings rates Siga as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Siga Ratings Report

.

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