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Milford, Massachusetts-based Waters Corporation (WAT) provides analytical workflow solutions. Valued at a market cap of $19.6 billion, the company specializes in analytical laboratory technologies, particularly liquid chromatography (LC), mass spectrometry (MS), and thermal analysis systems used for testing and measuring chemical, biological, and pharmaceutical substances.
This healthcare company has lagged the broader market over the past 52 weeks. Shares of WAT have declined 13.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.7%. Moreover, on a YTD basis, the stock is down 13%, compared to SPX’s marginal rise.