A Hypergrowth Company With a Crashing Stock Price
It's rare when a company is putting up impressive growth numbers at the same time as its stock price is collapsing. However, that's the case with diagnostic test manufacturer Quidel (NASDAQ: QDEL). Chalk it up as one more oddity to come out of a pandemic that has dramatically accelerated business for some companies while hamstringing others.
Quidel took advantage of the opportunity the crisis presented by developing tests for COVID-19, and investors jumped on board. But now, declining sales volumes for those coronavirus tests have the market worried about the company's future. With the stock well off its highs, this could be the perfect time to add it to your portfolio.
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Source Fool.com
