Quidel Corp. (NASDAQ:QDEL)’s share price traded down 4.5% during mid-day trading on Tuesday . The company traded as low as $19.77 and last traded at $19.77, with a volume of 146,927 shares. The stock had previously closed at $20.71.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Quidel Corp. from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Wednesday, July 13th. Canaccord Genuity reissued a “hold” rating on shares of Quidel Corp. in a report on Thursday, April 28th. Raymond James Financial Inc. raised shares of Quidel Corp. from a “market perform” rating to an “outperform” rating and set a $21.50 price target on the stock in a report on Monday, June 13th. Finally, TheStreet lowered shares of Quidel Corp. from a “hold” rating to a “sell” rating in a report on Friday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.42.

The company’s 50 day moving average is $18.17 and its 200 day moving average is $17.25. The stock’s market cap is $638.23 million.

Quidel Corp. (NASDAQ:QDEL) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. During the same period last year, the company posted $0.30 earnings per share. The firm had revenue of $50.30 million for the quarter, compared to the consensus estimate of $49.21 million. The business’s revenue was down 18.5% compared to the same quarter last year. Analysts expect that Quidel Corp. will post ($0.15) earnings per share for the current fiscal year.

Other hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Quidel Corp. by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 801,382 shares of the company’s stock valued at $16,989,000 after buying an additional 26,895 shares during the period. I.G. Investment Management LTD. raised its stake in Quidel Corp. by 16.0% in the fourth quarter. I.G. Investment Management LTD. now owns 57,361 shares of the company’s stock valued at $1,216,000 after buying an additional 7,902 shares during the period. Finally, California State Teachers Retirement System raised its stake in Quidel Corp. by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 53,348 shares of the company’s stock valued at $1,131,000 after buying an additional 989 shares during the period.

Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. The Company’s diagnostic testing solutions primarily include applications in infectious diseases, women’s health and gastrointestinal diseases. It sells its products directly to end users and distributors, in each case, for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, universities, retail clinics and wellness screening centers.

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