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

Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) was the recipient of unusually large 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.Get Siga Technologies alerts:Analyst Upgrades and DowngradesGeoVax Labs: Is This Micro-Cap Biotech Stock a Boom or a Bust?A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Siga Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Siga Technologies in a research report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Siga Technologies currently has an average rating of "Hold".Get Our Latest Analysis on Siga TechnologiesSiga Technologies Price PerformanceShares of NASDAQ:SIGA opened at $6.21 on Thursday. The firm has a fifty day moving average price of $8.42 and a two-hundred day moving average price of $7.39. The company has a market cap of $444.70 million, a price-to-earnings ratio of 5.50 and a beta of 0.93. Siga Technologies has a one year low of $4.95 and a one year high of $9.62. Siga Technologies (NASDAQ:SIGA - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share for the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%.The firm had revenue of $2.62 million during the quarter. Equities research analysts expect that Siga Technologies will post 1.04 EPS for the current fiscal year. Institutional Trading of Siga TechnologiesSeveral institutional investors and hedge funds have recently modified their holdings of the business. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Siga Technologies by 413.6% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 198,413 shares of the company's stock worth $1,294,000 after acquiring an additional 159,779 shares during the last quarter. Wellington Management Group LLP raised its position in Siga Technologies by 51.7% during the first quarter. Wellington Management Group LLP now owns 182,328 shares of the company's stock valued at $999,000 after purchasing an additional 62,103 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Siga Technologies by 52.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company's stock worth $17,308,000 after purchasing an additional 1,093,080 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Siga Technologies during the second quarter worth about $394,000. Finally, Nuveen LLC purchased a new position in shares of Siga Technologies in the 1st quarter worth about $815,000. Hedge funds and other institutional investors own 55.40% of the company's stock. About Siga Technologies (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.Further ReadingFive stocks we like better than Siga TechnologiesHow Technical Indicators Can Help You Find Oversold Stocks Rare Earth Stocks: The Truce That Isn't a TruceWhere Do I Find 52-Week Highs and Lows?Carving Up Profits: 3 Food Stocks on the Thanksgiving TableHow to Invest in the FAANG StocksC3.ai's Reset: Why New Leadership Could Spark a TurnaroundThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Siga Technologies Right Now?Before you consider Siga Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Siga Technologies wasn't on the list.While Siga Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here