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 down 0.3%. By the end of trading, Myriad Genetics fell $2.24 (-5.3%) to $39.97 on light volume. Throughout the day, 1,561,188 shares of Myriad Genetics exchanged hands as compared to its average daily volume of 2,291,700 shares. The stock ranged in price between $39.25-$42.50 after having opened the day at $42.18 as compared to the previous trading day's close of $42.21. Other companies within the Diversified Services industry that declined today were: Education Management ( EDMC), down 28.5%, Monster Worldwide ( MWW), down 17.9%, LoJack ( LOJN), down 16.1% and FTI Consulting ( FCN), down 9.2%.

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 $3.0 billion and is part of the services sector. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7. Shares are up 93.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Myriad Genetics a buy, 2 analysts rate it a sell, and 9 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, attractive valuation levels and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, China Yida ( CNYD), up 22.0%, Weight Watchers International ( WTW), up 19.8%, PDI ( PDII), up 7.9% and Grand Canyon Education ( LOPE), up 7.0% , were all gainers within the diversified services industry with Hertz Global Holdings ( HTZ) 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).

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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