NEW YORK ( TheStreet) -- Quidel Corporation (Nasdaq: QDEL) hit a new 52-week high Friday as it is currently trading at $15.20, above its previous 52-week high of $15.18 with 7,116 shares traded as of 10:12 a.m. ET. Average volume has been 222,200 shares over the past 30 days.

Quidel has a market cap of $496.8 million and is part of the health care sector and drugs industry. Shares are up 4.7% year to date as of the close of trading on Thursday.

Quidel Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of diagnostic testing solutions for applications primarily in infectious diseases, and reproductive and women's health. The company has a P/E ratio of 299.6, below the average drugs industry P/E ratio of 374.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Quidel as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Quidel Ratings Report.

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