Home / Healthcare / Affimed N.V. (AFMD) Charges Ahead 4.67%, Just After Opening Bell on September 23 to Bolster Health Care Stocks

Affimed N.V. (AFMD) Charges Ahead 4.67%, Just After Opening Bell on September 23 to Bolster Health Care Stocks

Affimed N.V. (AFMD) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of AFMD have climbed 4.67% about 30 minutes into the session to $3.14 after closing the day prior at $3.0. It’s early, but the stock has traded as high as $3.14 and as low as $3.05 so far. Today’s quick advance has come with about 14,487 shares changing hands, compared to an average 30-day volume of 113,168 for Affimed N.V.. The price is currently below the 30-day volume weighted average price of $3.1 for AFMD.

The share appreciation gives the company a market capitalization of $99.78 million based upon 33.26 million shares outstanding. It also means that AFMD has a price-to-book ratio of 1.7:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of AFMD have traded as low as $2.34 and as high as $8.42. Technical traders will take note that at $3.14, shares of AFMD are trading below their 200-day MA at $3.75 and above their 50-day MA at $2.8. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is AFMD?

Affimed NV is a clinical-stage biopharmaceutical company. It is engaged in discovering and developing targeted cancer immunotherapies. The company’s 64 employees are led by CEO Adi Hoess from the corporate headquarters at Technologiepark.


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