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

SIGA Technologies, Inc. (NASDAQ:SIGA) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 1,200 call options on the stock. This represents an increase of 1,438% compared to the typical volume of 78 call options.

SIGA Technologies Stock Performance

Shares of NASDAQ SIGA opened at $10.01 on Friday. SIGA Technologies has a 52-week low of $4.22 and a 52-week high of $10.83. The business has a fifty day moving average of $7.86 and a two-hundred day moving average of $7.20. The stock has a market cap of $711.91 million, a PE ratio of 9.10 and a beta of 0.94.

SIGA Technologies (NASDAQ:SIGA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $25.43 million during the quarter. SIGA Technologies had a net margin of 50.48% and a return on equity of 51.97%. Analysts predict that SIGA Technologies will post 1.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in SIGA Technologies by 200.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company’s stock valued at $45,000 after purchasing an additional 5,309 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of SIGA Technologies by 351.7% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company’s stock worth $46,000 after purchasing an additional 6,404 shares during the last quarter. Steward Partners Investment Solutions LLC acquired a new stake in shares of SIGA Technologies in the fourth quarter valued at $58,000. Bayesian Capital Management LP bought a new position in shares of SIGA Technologies in the first quarter valued at about $97,000. Finally, Lazard Asset Management LLC acquired a new position in SIGA Technologies during the 1st quarter worth about $105,000. 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.