Quidel Corp. (NASDAQ:QDEL) shares 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 changing hands. The stock had previously closed at $19.54.

QDEL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Quidel Corp. from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, July 13th. Canaccord Genuity reiterated a “hold” rating on shares of Quidel Corp. in a report on Thursday, April 28th. Raymond James Financial Inc. upgraded Quidel Corp. from a “market perform” rating to an “outperform” rating and set a $21.50 price objective on the stock in a report on Monday, June 13th. Finally, TheStreet cut Quidel Corp. from a “hold” rating to a “sell” rating in a report on Friday, May 6th. One equities research 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. Quidel Corp. has a consensus rating of “Hold” and a consensus target price of $20.42.

The firm has a 50 day moving average price of $18.59 and a 200-day moving average price of $17.26. The company’s market cap is $677.68 million.

Quidel Corp. (NASDAQ:QDEL) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.09. During the same period last year, the business earned $0.30 earnings per share. The business had revenue of $50.30 million for the quarter, compared to analysts’ expectations of $49.21 million. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. On average, equities research analysts forecast that Quidel Corp. will post ($0.15) EPS for the current fiscal year.

Several 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 worth $16,989,000 after buying an additional 26,895 shares during the period. California State Teachers Retirement System boosted its position in shares of Quidel Corp. by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 53,348 shares of the company’s stock worth $1,131,000 after buying an additional 989 shares during the period. Finally, I.G. Investment Management LTD. boosted its position in shares of Quidel Corp. by 16.0% in the fourth quarter. I.G. Investment Management LTD. now owns 57,361 shares of the company’s stock worth $1,216,000 after buying an additional 7,902 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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