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Valued at a market cap of $162.9 billion, Thermo Fisher Scientific Inc. (TMO) is a Waltham, Massachusetts-based company that provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services.
This healthcare company has considerably underperformed the broader market over the past 52 weeks. Shares of TMO have gained 8.3% over this time frame, while the broader S&P 500 Index ($SPX) has soared 25.2%. Moreover, on a YTD basis, the stock is down 24.4%, compared to SPX’s 8.1% rise.