Myriad Genetics Inc. (MYGN): Today's Featured 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 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: Vitran Corporation ( VTNC), down 17.8%, Big 5 Sporting Goods Corporation ( BGFV), down 16.8%, Hudson Technology ( HDSN), down 16.1% and Ignite Restaurant Group ( IRG), down 12.7%.

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 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, 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.

On the positive front, Daegis ( DAEG), up 17.4%, QKL Stores ( QKLS), up 17.1%, ChinaNet Online Holdings ( CNET), up 16.6% and China Yida ( CNYD), up 16.5% , were all gainers within the services sector with Directv ( DTV) being today's featured services sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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