MYGN Ticking Higher On Court Ruling

Shares of Molecular diagnostic products maker Myriad Genetics (MYGN) are surging higher during Friday’s midday trading session. Bloomberg in a recent report said that a court ruled diagnostic tests can be patented.

Technically speaking, over the last six month, Myriad has gained nearly 54%, but still remains at depressed levels, having fallen more than 5% year-to-date. The stock currently trades at a trailing P/E of 10.09, a forward multiple of 20.44 and a P/E to Growth ratio of 1.91. More than 900,000 MYGN shares have already traded hands compared to a daily average of around 1.02 million.

At last check, MYGN shares were up 88 cents, to $23.85, a gain of nearly 4.00%.

About Ron Haruni 1033 Articles
Ron is the Co-Founder & Editor in Chief of Wall Street Pit. Web Site: Wall Street Pit

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