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NEW YORK ( TheStreet) -- Quidel Corporation (Nasdaq: QDEL) hit a new 52-week high Wednesday as it is currently trading at $17.35, above its previous 52-week high of $17.21 with 130,013 shares traded as of 11:56 a.m. ET. Average volume has been 180,200 shares over the past 30 days. Quidel has a market cap of $550.7 million and is part of the health care sector and drugs industry. Shares are up 9.5% year to date as of the close of trading on Tuesday. Quidel Corporation develops, manufactures, and markets diagnostic testing solutions for applications in infectious diseases, women's health, and gastrointestinal diseases. The company has a P/E ratio of 553.3, below the average drugs industry P/E ratio of 830 and above the S&P 500 P/E ratio of 17.7.