/Waters%20Corp_%20phone%20logo%20and%20site-by%20T_Schneider%20via%20Shutterstock.jpg)
Milford, Massachusetts-based Waters Corporation (WAT) is an analytical laboratory instrument and software company that specializes in high-performance liquid chromatography (HPLC), ultra-performance liquid chromatography (UPLC), mass spectrometry (MS), and thermal analysis instruments. Valued at a market cap of $20.6 billion, the company's products are used by clinical, pharmaceutical, biochemical, industrial, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications.
This analytical laboratory instrument manufacturing company has underperformed the broader market over the past 52 weeks. Shares of WAT have gained 2.8% over this time frame, while the broader S&P 500 Index ($SPX) has surged 10.2%. Moreover, on a YTD basis, the stock is down 6.6%, compared to SPX’s 1.3% drop.