Myriad Genetics, Inc. (MYGN) VP Sells 3,120 Shares of Stock
Myriad Genetics, Inc. (NASDAQ:MYGN) VP Gary A. King sold 3,120 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $38.12, for a total transaction of $118,934.40. Following the completion of the sale, the vice president now owns 125,088 shares of the company’s stock, valued at approximately $4,768,354.56. The transaction was disclosed in a filing with the SEC, which is available through this link.
Myriad Genetics, Inc. (MYGN) traded up $1.15 on Friday, reaching $37.99. 1,030,600 shares of the company traded hands, compared to its average volume of 645,542. The company has a market capitalization of $2,640.00, a price-to-earnings ratio of 25.67, a P/E/G ratio of 2.34 and a beta of 0.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.06 and a current ratio of 2.34. Myriad Genetics, Inc. has a one year low of $15.15 and a one year high of $38.27.
Myriad Genetics (NASDAQ:MYGN) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The company had revenue of $190.20 million during the quarter, compared to analyst estimates of $183.52 million. Myriad Genetics had a net margin of 13.28% and a return on equity of 9.54%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. equities analysts predict that Myriad Genetics, Inc. will post 1.05 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Myriad Genetics during the second quarter valued at about $101,000. Riverhead Capital Management LLC lifted its holdings in Myriad Genetics by 80.9% during the second quarter. Riverhead Capital Management LLC now owns 4,161 shares of the company’s stock valued at $107,000 after purchasing an additional 1,861 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Myriad Genetics by 1,067.4% during the third quarter. Meeder Asset Management Inc. now owns 3,292 shares of the company’s stock valued at $119,000 after purchasing an additional 3,010 shares during the last quarter. Tiedemann Wealth Management LLC lifted its holdings in Myriad Genetics by 67.0% during the third quarter. Tiedemann Wealth Management LLC now owns 13,650 shares of the company’s stock valued at $185,000 after purchasing an additional 5,475 shares during the last quarter. Finally, Commonwealth Equity Services Inc purchased a new stake in Myriad Genetics during the third quarter valued at about $202,000.
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About Myriad Genetics
Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.
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