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

Siga Technologies Inc. (NASDAQ:SIGA) was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 1,200 call options on the stock. This represents an increase of 1,438% compared to the typical daily volume of 78 call options.

Siga Technologies Trading Down 3.2%

Shares of NASDAQ SIGA opened at $4.86 on Thursday. Siga Technologies has a twelve month low of $4.81 and a twelve month high of $9.62. The stock has a fifty day simple moving average of $6.43 and a 200-day simple moving average of $7.10. The stock has a market capitalization of $348.17 million, a PE ratio of 15.68 and a beta of 0.97.

Siga Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.08) earnings per share (EPS) for the quarter. Siga Technologies had a net margin of 24.61% and a return on equity of 11.25%. The firm had revenue of $3.79 million during the quarter. On average, equities analysts predict that Siga Technologies will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Siga Technologies has a consensus rating of “Hold”.

Institutional Trading of Siga Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position 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 worth $30,000 after purchasing an additional 1,184 shares in the last quarter. Denali Advisors LLC grew its holdings in shares of Siga Technologies by 0.4% in the fourth quarter. Denali Advisors LLC now owns 361,800 shares of the company’s stock valued at $2,211,000 after purchasing an additional 1,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Siga Technologies by 2.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 60,420 shares of the company’s stock worth $510,000 after buying an additional 1,528 shares during the period. Cresset Asset Management LLC lifted its holdings in Siga Technologies by 5.5% during the 2nd quarter. Cresset Asset Management LLC now owns 30,097 shares of the company’s stock worth $196,000 after buying an additional 1,567 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Siga Technologies by 5.4% during the 4th quarter. Deutsche Bank AG now owns 31,512 shares of the company’s stock worth $193,000 after buying an additional 1,602 shares in the last quarter. 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.