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

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.

Myriad Genetics ( MYGN) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Myriad Genetics fell $0.84 (-2.6%) to $30.96 on light volume. Throughout the day, 1,506,247 shares of Myriad Genetics exchanged hands as compared to its average daily volume of 2,070,600 shares. The stock ranged in price between $30.91-$31.89 after having opened the day at $31.87 as compared to the previous trading day's close of $31.80. Other companies within the Diversified Services industry that declined today were: Bioanalytical Systems ( BASI), down 7.0%, Luna Innovations ( LUNA), down 5.3%, Resources Connection ( RECN), down 4.8% and Learning Tree International ( LTRE), down 4.5%.

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 $2.5 billion and is part of the services sector. Shares are up 16.7% 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 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 positive front, Versar ( VSR), up 12.2%, Cambium Learning Group ( ABCD), up 11.3%, United Rentals ( URI), up 10.6% and Birner Dental Management Services ( BDMS), up 8.7% , were all gainers within the diversified services industry with H&R Block ( HRB) being today's featured diversified services industry leader.

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

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