Affimed (NASDAQ:AFMD) Shares Down 11.1%

Affimed NV (NASDAQ:AFMD)’s share price was down 11.1% on Friday . The company traded as low as $2.53 and last traded at $2.57, approximately 2,433,867 shares traded hands during mid-day trading. An increase of 235% from the average daily volume of 726,686 shares. The stock had previously closed at $2.89.

A number of analysts have weighed in on AFMD shares. ValuEngine upgraded shares of Affimed from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Zacks Investment Research lowered shares of Affimed from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $6.36.

The company’s 50 day moving average price is $2.96 and its 200-day moving average price is $3.03. The stock has a market cap of $190.91 million, a P/E ratio of -6.76 and a beta of 2.91. The company has a quick ratio of 3.47, a current ratio of 3.48 and a debt-to-equity ratio of 0.02.

Affimed (NASDAQ:AFMD) last released its quarterly earnings results on Wednesday, August 7th. The biopharmaceutical company reported ($0.16) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). The firm had revenue of $4.50 million during the quarter, compared to the consensus estimate of $6.46 million. Affimed had a negative net margin of 30.87% and a negative return on equity of 30.94%. Equities research analysts anticipate that Affimed NV will post -0.08 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D bought a new position in shares of Affimed during the second quarter valued at $29,000. Parametric Portfolio Associates LLC bought a new position in shares of Affimed during the second quarter valued at $41,000. Meeder Asset Management Inc. bought a new position in shares of Affimed during the third quarter valued at $47,000. Mackenzie Financial Corp bought a new position in shares of Affimed during the second quarter valued at $47,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Affimed during the second quarter valued at $47,000. 51.01% of the stock is owned by hedge funds and other institutional investors.

Affimed Company Profile (NASDAQ:AFMD)

Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States, Europe, and Germany. Its lead product candidate is AFM13, a natural killer cell (NK-cell) TandAb, which is in Phase 2a clinical study of relapsed CD30-positive lymphoma and Phase 1b clinical study of anti-PD-1 antibody Keytruda (pembrolizumab) in patients with relapsed Hodgkin lymphoma.

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