Siga Technologies Sees Unusually High Options Volume (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 1,200 call options on the company. This is an increase of approximately 1,438% compared to the typical daily volume of 78 call options.

Siga Technologies Stock Performance

Shares of SIGA stock opened at $6.04 on Thursday. The firm’s 50 day moving average price is $7.86 and its two-hundred day moving average price is $7.42. Siga Technologies has a 52-week low of $4.95 and a 52-week high of $9.62. The stock has a market cap of $432.53 million, a PE ratio of 5.35 and a beta of 0.93.

Siga Technologies (NASDAQ:SIGA) last issued its earnings results on Thursday, November 6th. The company reported ($0.09) EPS for the quarter. The business had revenue of $2.62 million for the quarter. Siga Technologies had a net margin of 45.73% and a return on equity of 40.52%. As a group, sell-side analysts predict that Siga Technologies will post 1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Siga Technologies

Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in shares of Siga Technologies during the 3rd quarter worth about $34,000. BNP Paribas Financial Markets boosted its stake in Siga Technologies by 34.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock worth $30,000 after acquiring an additional 1,184 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Siga Technologies during the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its stake in Siga Technologies by 116.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after purchasing an additional 3,669 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Siga Technologies by 6,344.8% in the first quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company’s stock worth $54,000 after purchasing an additional 9,771 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SIGA shares. Wall Street Zen lowered shares of Siga Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Siga Technologies in a research report on Thursday, November 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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.