SIGA Technologies Target of Unusually Large Options Trading (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw unusually large options trading on Wednesday. Investors bought 1,200 call options on the stock. This represents an increase of 1,438% compared to the average daily volume of 78 call options.

SIGA Technologies Price Performance

SIGA Technologies stock opened at $7.36 on Thursday. The company has a market cap of $525.50 million, a price-to-earnings ratio of 6.13 and a beta of 0.89. SIGA Technologies has a 12 month low of $4.26 and a 12 month high of $12.83. The stock’s 50-day moving average is $6.99 and its 200-day moving average is $7.85.

SIGA Technologies (NASDAQ:SIGA) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $10.01 million during the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. Research analysts anticipate that SIGA Technologies will post 1.04 EPS for the current year.

Hedge Funds Weigh In On SIGA Technologies

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in SIGA Technologies by 8.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,180 shares of the company’s stock worth $250,000 after purchasing an additional 2,218 shares during the period. Rhumbline Advisers grew its stake in shares of SIGA Technologies by 4.2% in the second quarter. Rhumbline Advisers now owns 69,947 shares of the company’s stock valued at $531,000 after buying an additional 2,851 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of SIGA Technologies by 27.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 15,871 shares of the company’s stock valued at $120,000 after buying an additional 3,370 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in SIGA Technologies by 38.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,684 shares of the company’s stock worth $104,000 after acquiring an additional 3,829 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new position in SIGA Technologies in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

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.