Affimed (AFMD) Trading Down 0%

Affimed NV (NASDAQ:AFMD)’s share price dropped 0% during mid-day trading on Wednesday . The company traded as low as $2.25 and last traded at $2.50. Approximately 677,694 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 899,755 shares. The stock had previously closed at $2.50.

Separately, Oppenheimer reaffirmed a “hold” rating on shares of Affimed in a research report on Friday, November 24th.

The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.39 and a current ratio of 6.43.

Affimed (NASDAQ:AFMD) last announced its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.21) earnings per share for the quarter, hitting the consensus estimate of ($0.21). Affimed had a negative return on equity of 72.94% and a negative net margin of 1,074.37%. analysts forecast that Affimed NV will post -0.8 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of AFMD. Virtu KCG Holdings LLC purchased a new stake in shares of Affimed in the second quarter valued at about $144,000. Dimensional Fund Advisors LP raised its stake in Affimed by 817.9% during the third quarter. Dimensional Fund Advisors LP now owns 137,783 shares of the biopharmaceutical company’s stock worth $310,000 after purchasing an additional 122,773 shares during the period. Point72 Asset Management L.P. purchased a new position in Affimed during the third quarter worth approximately $658,000. Finally, Nationwide Fund Advisors raised its stake in Affimed by 4.6% during the second quarter. Nationwide Fund Advisors now owns 506,199 shares of the biopharmaceutical company’s stock worth $1,038,000 after purchasing an additional 22,172 shares during the period. Hedge funds and other institutional investors own 40.35% of the company’s stock.

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About Affimed

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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