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

Siga Technologies Inc. (NASDAQ:SIGA) was the target of unusually large options trading activity on Wednesday. Traders purchased 1,200 call options on the company. This represents an increase of approximately 1,438% compared to the typical volume of 78 call options.

Siga Technologies Stock Up 1.1%

NASDAQ SIGA opened at $6.73 on Friday. The firm has a market cap of $481.94 million, a P/E ratio of 6.60 and a beta of 0.98. The company’s 50 day moving average is $6.29 and its 200-day moving average is $7.45. Siga Technologies has a 12-month low of $4.95 and a 12-month high of $9.62.

Siga Technologies (NASDAQ:SIGA) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.09) EPS for the quarter. Siga Technologies had a return on equity of 35.23% and a net margin of 43.22%.The business had revenue of $2.62 million during the quarter. Equities analysts expect that Siga Technologies will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

SIGA has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Siga Technologies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings raised shares of Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Siga Technologies

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC lifted its holdings in Siga Technologies by 138.4% during the 1st quarter. Jane Street Group LLC now owns 114,147 shares of the company’s stock worth $626,000 after purchasing an additional 66,265 shares in the last quarter. Strs Ohio bought a new stake in shares of Siga Technologies during the first quarter valued at about $165,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Siga Technologies during the second quarter valued at about $394,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Siga Technologies in the second quarter worth about $123,000. Finally, Significant Wealth Partners LLC boosted its position in shares of Siga Technologies by 27.6% in the second quarter. Significant Wealth Partners LLC now owns 43,721 shares of the company’s stock valued at $285,000 after acquiring an additional 9,452 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

About Siga Technologies

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.