Myriad Rises On Unusually High Volume (MYGN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Myriad Genetics (Nasdaq: MYGN) is trading at unusually high volume Wednesday with 2.2 million shares changing hands. It is currently at two times its average daily volume and trading up $1.90 (+6.7%) at $30.20 as of 3:04 p.m. ET.

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Myriad has a market cap of $2.26 billion and is part of the services sector and diversified services industry. Shares are up 3.1% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Myriad as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Myriad Ratings Report.

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