Ligand Stock Hits New 52-Week High (LGND)

NEW YORK ( TheStreet) -- Ligand Pharmaceuticals (Nasdaq: LGND) hit a new 52-week high Tuesday as it is currently trading at $16.27, above its previous 52-week high of $16.24 with 67,799 shares traded as of 1:59 p.m. ET. Average volume has been 145,900 shares over the past 30 days.

Ligand has a market cap of $248.1 million and is part of the health care sector and drugs industry. Shares are up 34.5% year to date as of the close of trading on Monday.

Ligand Pharmaceuticals Incorporated operates as a biotechnology company. It principally engages in the development and acquisition of royalty revenue generating assets. The company has a P/E ratio of 30.4, above the average drugs industry P/E ratio of 27.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ligand as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Ligand Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers