Ligand Pharmaceuticals Incorporated (LGND) experienced unusually high volume on Jan. 14, as the stock gained 2.95% to a closing price of $98.37. The stock saw 511,741 shares trade hands over the course of the day on 5,759 trades. Given that the stock’s average daily volume over the last month has been 328,331 shares a day, this represents a pretty substantial spike over the norm.
Ligand Pharmaceuticals Incorporated has a P/B ratio of 6.71. It also has a P/E ratio of 8.2. The stock has traded between $114.00 and $49.65 over the last 52-weeks, its 50-day SMA is now $103.10, and its 200-day SMA $94.67.
Ligand Pharmaceuticals Inc is a biopharmaceutical company with a business model that is based upon the concept of developing or acquiring royalty revenue generating assets and coupling them with a lean corporate cost structure.
Headquartered in La Jolla, CA, Ligand Pharmaceuticals Incorporated has 19 employees and is currently under the leadership of CEO John L. Higgins.
For a complete fundamental analysis analysis of Ligand Pharmaceuticals Incorporated, check out Equities.com’s Stock Valuation Analysis report for LGND. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
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