Insider Selling: Quidel Corp. Director Sells 26,000 Shares of Stock (QDEL)
Quidel Corp. (NASDAQ:QDEL) Director Rodney F. Dammeyer unloaded 26,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $27.70, for a total transaction of $720,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Quidel Corp. (NASDAQ:QDEL) traded up 0.04% on Friday, hitting $27.99. The stock had a trading volume of 163,444 shares. Quidel Corp. has a 1-year low of $20.27 and a 1-year high of $32.24. The stock has a 50-day moving average of $29.89 and a 200-day moving average of $26.9. The company has a market cap of $952.3 million and a P/E ratio of 133.24.
Quidel Corp. (NASDAQ:QDEL) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.11. The company had revenue of $50.00 million for the quarter, compared to the consensus estimate of $48.67 million. During the same quarter last year, the company posted $0.37 earnings per share. Quidel Corp.’s revenue was down 6.9% compared to the same quarter last year. Analysts expect that Quidel Corp. will post $0.41 EPS for the current fiscal year.
Separately, analysts at JMP Securities initiated coverage on shares of Quidel Corp. in a research note on Wednesday, December 18th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Quidel Corp. presently has an average rating of “Hold” and a consensus price target of $26.00.
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions.
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