Quidel (QDEL) Falls: Stock Goes Down 7%

Zacks Equity Research

Fri, Jul 25, 2014, 6:53 AM

Quidel Corp. (QDEL) saw a big move last session, as the company’s shares fell by about 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $21.02–$25.33 in the past one-month time frame, showed a sharp decline yesterday at $23.55.

This slump shouldn’t be too much of a surprise to investors, as this diagnostic healthcare provider has seen 3 negative revisions in the past few weeks and its current year loss consensus has moved wider over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

QDEL currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the Medical Products industry include Alere Inc. (ALR), Cardiovascular Systems Inc. (CSII) and CareFusion Corporation (CFN). All these stocks hold a Zacks Rank #1 (Strong Buy).

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QUIDEL CP (QDEL): Free Stock Analysis Report

ALERE INC (ALR): Free Stock Analysis Report

CARDIOVASCULAR SYSTEMS INC (CSII): Free Stock Analysis Report

CAREFUSION CORP (CFN): Free Stock Analysis Report

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Quidel (QDEL) Falls: Stock Goes Down 7%

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