Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the typical volume of 78 call options.
Siga Technologies Trading Up 1.1%
Siga Technologies stock traded up $0.08 during trading on Friday, hitting $7.14. The company had a trading volume of 286,540 shares, compared to its average volume of 346,534. Siga Technologies has a 1-year low of $4.95 and a 1-year high of $12.83. The company's 50 day simple moving average is $6.44 and its 200-day simple moving average is $6.07. The stock has a market cap of $510.08 million, a price-to-earnings ratio of 10.66 and a beta of 0.94.
Siga Technologies (NASDAQ:SIGA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) EPS for the quarter. The business had revenue of $7.04 million during the quarter. Siga Technologies had a return on equity of 25.21% and a net margin of 40.30%. As a group, analysts forecast that Siga Technologies will post 1.04 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Siga Technologies
Several institutional investors have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC grew its stake in shares of Siga Technologies by 44.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,432 shares of the company's stock worth $140,000 after purchasing an additional 6,616 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Siga Technologies by 150.0% during the second quarter. DAVENPORT & Co LLC now owns 50,000 shares of the company's stock worth $326,000 after purchasing an additional 30,000 shares in the last quarter. Washington Growth Strategies LLC acquired a new position in shares of Siga Technologies during the second quarter worth $171,000. SummerHaven Investment Management LLC grew its stake in shares of Siga Technologies by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 98,525 shares of the company's stock worth $642,000 after purchasing an additional 2,317 shares in the last quarter. Finally, Significant Wealth Partners LLC grew its stake in shares of Siga Technologies by 27.6% during the second quarter. Significant Wealth Partners LLC now owns 43,721 shares of the company's stock worth $285,000 after purchasing an additional 9,452 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.
Siga Technologies Company Profile
(
Get Free Report)
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.
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