Myriad Genetics Inc. (MYGN): Today's Featured Services Winner

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

Myriad Genetics ( MYGN) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day down 1.5%. By the end of trading, Myriad Genetics rose $0.49 (1.9%) to $26.24 on average volume. Throughout the day, 2,107,928 shares of Myriad Genetics exchanged hands as compared to its average daily volume of 1,902,600 shares. The stock ranged in a price between $25.00-$26.55 after having opened the day at $25.56 as compared to the previous trading day's close of $25.75. Other companies within the Services sector that increased today were: Destination XL Group ( DXLG), up 61.1%, Sino-Global Shipping America ( SINO), up 12.7%, DGSE Companies ( DGSE), up 7.2% and Vitran Corporation ( VTNC), up 6.4%.
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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 $2.1 billion and is part of the diversified services industry. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Friday. 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 Myriad Genetics 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, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Digital Domain Media Group ( DDMGQ), down 40.9%, Digital Domain Media Group ( DDMG), down 40.9%, Fortune Industries ( FFI), down 20.6% and YY ( YY), down 13.0% , were all laggards within the services sector with Walgreen Company ( WAG) being today's services sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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