Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Myriad Genetics fell $0.38 (-1.3%) to $29.67 on average volume. Throughout the day, 1,865,196 shares of Myriad Genetics exchanged hands as compared to its average daily volume of 2,172,100 shares. The stock ranged in price between $29.67-$30.25 after having opened the day at $30.02 as compared to the previous trading day's close of $30.05. Other companies within the Services sector that declined today were:
), down 17.8%,
), down 16.8%,
), down 16.1% and
), down 12.7%.
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Myriad Genetics, Inc., a molecular diagnostic company, focuses on the development and marketing of predictive medicine, personalized medicine, and prognostic medicine tests primarily in the United States. Myriad Genetics has a market cap of $2.4 billion and is part of the diversified services industry. Shares are up 11.8% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Myriad Genetics a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Myriad Genetics Ratings Report.
On the positive front,
), up 17.4%,
), up 17.1%,
), up 16.6% and
), up 16.5% , were all gainers within the services sector with
) being today's featured services sector leader.
- Use our services section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider
) while those bearish on the services sector could consider
- Find other investment ideas from our top rated ETFs lists.