Afya (NASDAQ:AFYA) Hits New 52-Week Low – Here’s Why

Afya Limited (NASDAQ:AFYA)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $15.28 and last traded at $15.82, with a volume of 214927 shares trading hands. The stock had previously closed at $16.59.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AFYA shares. UBS Group started coverage on shares of Afya in a report on Friday, August 30th. They set a “neutral” rating and a $19.50 price target for the company. The Goldman Sachs Group initiated coverage on shares of Afya in a research note on Tuesday. They issued a “sell” rating and a $16.00 price objective for the company.

Afya Stock Performance

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.34 and a beta of 0.89. The stock’s 50 day moving average is $16.80 and its 200 day moving average is $17.15.

Institutional Trading of Afya

Several institutional investors and hedge funds have recently made changes to their positions in AFYA. Public Employees Retirement System of Ohio acquired a new stake in Afya during the third quarter worth approximately $34,000. Quarry LP acquired a new position in Afya in the third quarter valued at $75,000. Centiva Capital LP purchased a new position in Afya during the third quarter worth about $213,000. Quantbot Technologies LP boosted its stake in Afya by 73.8% in the 3rd quarter. Quantbot Technologies LP now owns 13,268 shares of the company’s stock worth $226,000 after buying an additional 5,636 shares during the last quarter. Finally, Lifestyle Asset Management Inc. grew its holdings in Afya by 26.9% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 14,784 shares of the company’s stock valued at $261,000 after buying an additional 3,133 shares during the period. 88.02% of the stock is currently owned by hedge funds and other institutional investors.

About Afya

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.