Shares of Quidel Corp. (NASDAQ:QDEL) rose 3.7% during trading on Monday . The company traded as high as $20.42 and last traded at $20.26, with a volume of 70,562 shares trading hands. The stock had previously closed at $19.54.

QDEL has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Quidel Corp. from a “buy” rating to a “hold” rating in a research report on Saturday. TheStreet cut shares of Quidel Corp. from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Raymond James Financial Inc. upgraded shares of Quidel Corp. from a “market perform” rating to an “outperform” rating and set a $21.50 price objective for the company in a research report on Monday, June 13th. Finally, Canaccord Genuity restated a “hold” rating on shares of Quidel Corp. in a research report on Thursday, April 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.42.

The stock has a 50-day moving average price of $18.41 and a 200-day moving average price of $17.28. The stock’s market capitalization is $635.32 million.

Quidel Corp. (NASDAQ:QDEL) last issued its 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. The business had revenue of $50.30 million for the quarter, compared to the consensus estimate of $49.21 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm’s revenue was down 18.5% on a year-over-year basis. On average, equities analysts forecast that Quidel Corp. will post ($0.15) earnings per share for the current year.

Other hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of 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 last quarter. 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 last quarter. 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 last quarter.

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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