Afya (NASDAQ:AFYA) Hits New 1-Year Low – What’s Next?

Shares of Afya Limited (NASDAQ:AFYA) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.00 and last traded at $13.1150, with a volume of 12156 shares. The stock had previously closed at $13.42.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Sanford C. Bernstein upgraded Afya to a “market perform” rating in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Afya in a research note on Wednesday, January 21st. Zacks Research lowered shares of Afya from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Bank of America downgraded shares of Afya from a “buy” rating to a “neutral” rating and cut their target price for the company from $22.00 to $17.00 in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $22.00 price objective (down from $24.50) on shares of Afya in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.30.

Afya Stock Down 2.3%

The company has a market capitalization of $1.23 billion, a P/E ratio of 9.43, a PEG ratio of 0.66 and a beta of 0.50. The stock has a 50 day moving average price of $14.62 and a 200 day moving average price of $14.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 0.98.

Hedge Funds Weigh In On Afya

Several institutional investors have recently bought and sold shares of AFYA. Daiwa Securities Group Inc. purchased a new stake in Afya in the fourth quarter worth $43,000. Militia Capital Partners LP bought a new position in shares of Afya in the second quarter worth $71,000. Quantbot Technologies LP purchased a new position in shares of Afya in the second quarter valued at $117,000. Van ECK Associates Corp lifted its holdings in Afya by 15.7% during the 3rd quarter. Van ECK Associates Corp now owns 10,170 shares of the company’s stock worth $159,000 after purchasing an additional 1,377 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Afya during the 2nd quarter valued at about $164,000. Hedge funds and other institutional investors own 88.02% of the company’s stock.

Afya Company Profile

Afya Ltd. operates as a leading provider of medical education and training services in Brazil. The company offers a comprehensive suite of educational programs that span undergraduate medical degrees, residency exam preparation, continuing medical education (CME) and digital learning platforms. Through a network of partner institutions and its own campus operations, Afya supports students at every stage of the medical training continuum, from enrollment in medical schools to ongoing professional development for practicing physicians.

At the core of Afya’s offerings is its undergraduate medical program, delivered through a combination of in-person courses at affiliated campuses and fully digital curricula.