What’s in Quidel Corporation (QDEL) After Touching 52-Week High?

May 17, 2018 - By Hannah Black

Investors sentiment decreased to 1.17 in 2017 Q4. Its down 0.03, from 1.2 in 2017Q3. It dropped, as 18 investors sold Quidel Corporation shares while 35 reduced holdings. 27 funds opened positions while 35 raised stakes. 30.94 million shares or 0.83% more from 30.68 million shares in 2017Q3 were reported.
Dimensional Fund Advsrs Lp has invested 0.02% in Quidel Corporation (NASDAQ:QDEL). Mesirow Financial Management has invested 1.14% of its portfolio in Quidel Corporation (NASDAQ:QDEL). Northern invested in 368,192 shares or 0% of the stock. Los Angeles Cap Management And Equity Research Inc holds 0% in Quidel Corporation (NASDAQ:QDEL) or 10,620 shares. Axa reported 0.04% stake. Teacher Retirement System Of Texas has invested 0% in Quidel Corporation (NASDAQ:QDEL). Boston Llc invested 0.02% in Quidel Corporation (NASDAQ:QDEL). The Georgia-based Invesco Ltd has invested 0% in Quidel Corporation (NASDAQ:QDEL). Gabelli Funds Llc holds 0.16% or 634,000 shares in its portfolio. Moreover, Quantbot Tech Limited Partnership has 0.02% invested in Quidel Corporation (NASDAQ:QDEL). Ubs Asset Mgmt Americas, Illinois-based fund reported 13,140 shares. Gru One Trading Lp stated it has 4,000 shares or 0% of all its holdings. 899,100 were accumulated by Ny State Common Retirement Fund. Price T Rowe Associates Md has 3.38M shares for 0.02% of their portfolio. Teton Advsr Incorporated has 0.59% invested in Quidel Corporation (NASDAQ:QDEL) for 147,061 shares.

Since December 8, 2017, it had 0 buys, and 10 insider sales for $15.81 million activity. BRYANT DOUGLAS C sold $1.69M worth of Quidel Corporation (NASDAQ:QDEL) on Monday, January 29. SCHULER JACK W also sold $582,031 worth of Quidel Corporation (NASDAQ:QDEL) on Monday, January 22. Kroll Werner sold $661,529 worth of Quidel Corporation (NASDAQ:QDEL) on Friday, December 8. 110,704 shares were sold by Bujarski Robert Joseph, worth $4.40 million on Friday, December 15. 36,383 shares valued at $1.46M were sold by STEWARD RANDALL J on Tuesday, December 12.

The stock of Quidel Corporation (NASDAQ:QDEL) hit a new 52-week high and has $68.08 target or 8.00 % above today’s $63.04 share price. The 8 months bullish chart indicates low risk for the $2.36B company. The 1-year high was reported on May, 17 by Barchart.com. If the $68.08 price target is reached, the company will be worth $188.88 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.42% or $1.49 during the last trading session, reaching $63.04. About 253,148 shares traded. Quidel Corporation (NASDAQ:QDEL) has risen 128.16% since May 17, 2017 and is uptrending. It has outperformed by 116.61% the S&P500.

Analysts await Quidel Corporation (NASDAQ:QDEL) to report earnings on July, 25. They expect $0.22 earnings per share, up 162.86 % or $0.57 from last year’s $-0.35 per share. QDEL’s profit will be $8.24M for 71.64 P/E if the $0.22 EPS becomes a reality. After $1.23 actual earnings per share reported by Quidel Corporation for the previous quarter, Wall Street now forecasts -82.11 % negative EPS growth.

Quidel Corporation (NASDAQ:QDEL) Ratings Coverage

Among 8 analysts covering Quidel Corp (NASDAQ:QDEL), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Quidel Corp had 11 analyst reports since December 21, 2017 according to SRatingsIntel. On Friday, April 13 the stock rating was maintained by William Blair with “Buy”. The firm has “Buy” rating given on Tuesday, January 2 by Canaccord Genuity. The stock of Quidel Corporation (NASDAQ:QDEL) earned “Overweight” rating by Barclays Capital on Monday, April 2. C.L. King upgraded the stock to “Buy” rating in Thursday, January 4 report. Raymond James upgraded the stock to “Strong Buy” rating in Thursday, March 8 report. The firm earned “Buy” rating on Thursday, December 21 by Canaccord Genuity. The stock of Quidel Corporation (NASDAQ:QDEL) has “Buy” rating given on Thursday, January 4 by CL King. Craig Hallum initiated the stock with “Buy” rating in Monday, March 26 report. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, April 3 report. As per Monday, January 22, the company rating was maintained by Barclays Capital.

More news for Quidel Corporation (NASDAQ:QDEL) were recently published by: Seekingalpha.com, which released: “Quidel’s (QDEL) CEO Doug Bryant on Q1 2018 Results – Earnings Call Transcript” on May 09, 2018. Businesswire.com‘s article titled: “Quidel to Present at UBS Global Healthcare Conference” and published on May 15, 2018 is yet another important article.

Quidel Corporation develops, manufactures, and markets diagnostic testing solutions for applications primarily in infectious diseases, POC womenÂ’s and general health, and gastrointestinal diseases. The company has market cap of $2.36 billion. The firm offers Sofia influenza A+B and QuickVue influenza tests to detect viral antigens of influenza type A and B; Sofia strep A fluorescent immunoassay and QuickVue Strep A tests to detect group A Streptococcal antigen from throat swabs; and Sofia Respiratory Syncytial Virus , QuickVue RSV, and Quidel Molecular RSV + human metapneumovirus tests for respiratory syncytial virus. It currently has negative earnings. It also provides various products to detect various herpes simplex virus (HSV) and herpes family viruses; H&V-Mix to isolate HSV, VZV, and Cytomegalovirus; R-Mix to detect Influenza A and B, RSV, Adenovirus, and Parainfluenza types 1, 2, and 3; Sofia S.

Quidel Corporation (NASDAQ:QDEL) Institutional Positions Chart

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