Affimed N.V. (NASDAQ:AFMD)’s share price dropped 23.1% on Tuesday . The company traded as low as $1.30 and last traded at $1.50. Approximately 2,457,900 shares were traded during trading, an increase of 756% from the average daily volume of 287,207 shares. The stock had previously closed at $1.95.
AFMD has been the topic of a number of research reports. Oppenheimer reissued a “hold” rating on shares of Affimed in a report on Friday, November 24th. ValuEngine cut Affimed from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.
The company has a quick ratio of 6.39, a current ratio of 6.43 and a debt-to-equity ratio of 0.14.
Several hedge funds and other institutional investors have recently made changes to their positions in AFMD. Point72 Asset Management L.P. purchased a new position in shares of Affimed during the 3rd quarter valued at about $658,000. Dimensional Fund Advisors LP grew its position in Affimed by 817.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 137,783 shares of the biopharmaceutical company’s stock worth $310,000 after acquiring an additional 122,773 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in Affimed during the 2nd quarter worth approximately $144,000. Finally, Nationwide Fund Advisors grew its position in Affimed by 4.6% during the 2nd quarter. Nationwide Fund Advisors now owns 506,199 shares of the biopharmaceutical company’s stock worth $1,038,000 after acquiring an additional 22,172 shares during the last quarter. 40.50% of the stock is currently owned by institutional investors.
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Affimed N.V. is a clinical-stage biopharmaceutical company focused on discovering and developing cancer immunotherapies. The Company’s product candidates are developed in the field of immuno-oncology, which represents an approach to cancer research that seeks to harness the body’s own immune system to fight tumor cells.
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