Zacks Investment Research lowered shares of Affimed (NASDAQ:AFMD) from a buy rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “Affimed Therapeutics B.V. is a clinical-stage biopharmaceutical company. It is focused on discovering and developing cancer immunotherapies. Its product candidates are being developed in the field of immuno-oncology. The Company’s TandAbs has the ability to bring NK-cells or T-cells into proximity and trigger a signal cascade that leads to the destruction of cancer cells. Its product pipeline includes AFM13, AFM11 and AFM21. Affimed Therapeutics B.V. is headquartered in Heidelberg, Germany. “
Shares of NASDAQ:AFMD opened at $1.85 on Wednesday. Affimed has a fifty-two week low of $1.15 and a fifty-two week high of $2.85. The company has a market cap of $115.42, a P/E ratio of -2.37 and a beta of 2.25. The company has a current ratio of 5.61, a quick ratio of 5.58 and a debt-to-equity ratio of 0.13.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC grew its holdings in Affimed by 483.0% during the 4th quarter. Virtu Financial LLC now owns 85,562 shares of the biopharmaceutical company’s stock worth $111,000 after acquiring an additional 70,886 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Affimed during the 4th quarter worth approximately $136,000. Dimensional Fund Advisors LP grew its holdings 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 in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Affimed during the 3rd quarter worth approximately $658,000. Institutional investors own 27.86% of the company’s stock.
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Affimed Company Profile
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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