Afya (NASDAQ:AFYA) Sees Strong Trading Volume – Here’s What Happened

Shares of Afya Limited (NASDAQ:AFYA) saw an uptick in trading volume on Monday. Approximately 346,375 shares were traded during trading, an increase of 90% from the average daily volume of 182,672 shares. The stock last traded at $10.91 and had previously closed at $10.45.

Analyst Ratings Changes

AFYA has been the topic of several recent analyst reports. Bank of America upgraded shares of Afya from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, October 29th. Weiss Ratings downgraded Afya from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 29th. Bradesco Corretora raised Afya to an “outperform” rating and set a $17.00 price objective for the company in a research report on Thursday, September 24th. Zacks Research raised Afya from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Citigroup raised Afya from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Afya currently has an average rating of “Hold” and an average target price of $15.70.

Afya Trading Down 0.8%

The company has a market cap of $988.75 million, a price-to-earnings ratio of 6.05, a P/E/G ratio of 1.67 and a beta of 0.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $13.48 and its 200 day moving average price is $14.16.

Afya (NASDAQ:AFYA) last released its quarterly earnings data on Friday, August 14th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. Afya had a net margin of 20.55% and a return on equity of 17.58%. The company had revenue of $187.80 million during the quarter, compared to analyst estimates of $189.62 million. As a group, equities analysts expect that Afya Limited will post 1.72 EPS for the current year.

Insider Activity at Afya

In other Afya news, insider Santos Welder Ferreira sold 4,161 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $13.30, for a total value of $55,341.30. Following the transaction, the insider owned 35,000 shares in the company, valued at approximately $465,500. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Afya

An institutional investor recently bought a new stake in Afya stock. Engineers Gate Manager LP bought a new position in Afya Limited (NASDAQ:AFYA) during the second quarter, according to its most recent filing with the SEC. The firm bought 21,882 shares of the company’s stock, valued at approximately $325,000. Institutional investors and hedge funds own 88.02% of the company’s stock.

Afya Company Profile

Afya Limited is a medical education and digital health company focused on Brazil. Through its educational platform, the company provides undergraduate medical education, medical residency preparation, specialization and continuing medical education programs, and other learning resources for students and physicians.

Afya also offers digital products and services intended to support healthcare professionals throughout their careers. These include clinical content, study tools, telemedicine and practice-management solutions, and subscription-based applications designed to assist physicians with education, clinical decision-making, and patient care.

The company has expanded through the development and acquisition of medical schools, education businesses, and health technology platforms serving different stages of the medical professional lifecycle.