Quidel (QDEL) Higher on Cramer Recommendation
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Shares of Quidel Corp. (Nasdaq: QDEL) are higher today following a positive recommendation from Jim Cramer on Mad Money Friday.
Cramer noted that Quidel holds 70% of the market share for flu testing and 40% to 50% of the market for strep and pregnancy detection.
Cramer said so far this year the flu season has been mild, but many states are reporting increased flu activity recently. Flu testing accounts for 40% of the company's sales.
Cramer also noted the balance sheet is clean and the company has a buyout plan in place for downside protection.
Shares of Quidel are up 10% this AM.
Cramer noted that Quidel holds 70% of the market share for flu testing and 40% to 50% of the market for strep and pregnancy detection.
Cramer said so far this year the flu season has been mild, but many states are reporting increased flu activity recently. Flu testing accounts for 40% of the company's sales.
Cramer also noted the balance sheet is clean and the company has a buyout plan in place for downside protection.
Shares of Quidel are up 10% this AM.
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