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Westbrook, Maine-based IDEXX Laboratories, Inc. (IDXX) develops, manufactures, and distributes products and provides services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing industries. With a market cap of $40.4 billion, the company operates through Companion Animal Group, Water Quality Products, and Livestock, Poultry and Dairy segments.
Shares of IDXX have significantly lagged behind the broader market over the past 52 weeks. IDXX stock has dropped 2.8% over this period, while the broader S&P 500 Index ($SPX) has gained 10.2%. However, shares of IDXX are up 21.3% on a YTD basis, outpacing SPX’s 1.3% dip during the same time frame.
