Afya (NASDAQ:AFYA) Shares Gap Down – Here’s What Happened

Afya Limited (NASDAQ:AFYAGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $16.84, but opened at $15.96. Afya shares last traded at $16.33, with a volume of 14,153 shares traded.

Analysts Set New Price Targets

AFYA has been the topic of a number of analyst reports. Citigroup reiterated a “sell” rating and set a $15.00 target price (down previously from $18.00) on shares of Afya in a report on Friday. JPMorgan Chase & Co. decreased their price objective on Afya from $25.00 to $20.50 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, The Goldman Sachs Group initiated coverage on shares of Afya in a research note on Tuesday, December 3rd. They issued a “sell” rating and a $16.00 target price for the company. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.00.

View Our Latest Research Report on AFYA

Afya Stock Performance

The firm has a market cap of $1.51 billion, a PE ratio of 13.02, a P/E/G ratio of 0.27 and a beta of 0.89. The stock has a 50-day moving average price of $15.82 and a 200 day moving average price of $16.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.60 and a quick ratio of 1.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Afya in the third quarter worth approximately $34,000. Blue Trust Inc. raised its stake in Afya by 296.9% during the fourth quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $35,000 after purchasing an additional 1,550 shares during the period. Quarry LP purchased a new stake in shares of Afya during the 3rd quarter valued at $75,000. Van ECK Associates Corp grew its stake in shares of Afya by 41.9% during the 4th quarter. Van ECK Associates Corp now owns 9,677 shares of the company’s stock valued at $154,000 after buying an additional 2,856 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of Afya during the 3rd quarter worth $213,000. Institutional investors and hedge funds own 88.02% of the company’s stock.

Afya Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Afya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Afya and related companies with MarketBeat.com's FREE daily email newsletter.