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

SIGA Technologies, Inc. (NASDAQ:SIGA) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the average daily volume of 78 call options.

SIGA Technologies Trading Down 0.2 %

Shares of SIGA Technologies stock opened at $6.28 on Thursday. The company has a fifty day simple moving average of $6.57 and a 200-day simple moving average of $7.63. SIGA Technologies has a 12-month low of $4.26 and a 12-month high of $12.83. The stock has a market cap of $448.42 million, a price-to-earnings ratio of 5.23 and a beta of 0.94.

SIGA Technologies (NASDAQ:SIGA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter. The company 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%. On average, analysts forecast that SIGA Technologies will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of SIGA Technologies

A number of large investors have recently made changes to their positions in SIGA. Bank of New York Mellon Corp increased its position in SIGA Technologies by 8.8% during the second quarter. Bank of New York Mellon Corp now owns 194,817 shares of the company’s stock worth $1,479,000 after buying an additional 15,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in SIGA Technologies by 38.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,684 shares of the company’s stock valued at $104,000 after purchasing an additional 3,829 shares during the last quarter. Rhumbline Advisers boosted its stake in SIGA Technologies by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 69,947 shares of the company’s stock worth $531,000 after purchasing an additional 2,851 shares during the period. Victory Capital Management Inc. boosted its stake in SIGA Technologies by 39.2% during the 2nd quarter. Victory Capital Management Inc. now owns 244,857 shares of the company’s stock worth $1,858,000 after purchasing an additional 69,006 shares during the period. Finally, LSV Asset Management purchased a new position in SIGA Technologies during the 2nd quarter worth $807,000. 55.40% of the stock is owned by institutional investors and hedge funds.

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.