Benzinga | Oct 19, 2020 02:49PM EDT

Why Afya's Stock Is Trading Lower Today

Afya (NASDAQ:AFYA) shares are trading lower on Monday after JPMorgan downgraded the company stock from Overweight to Neutral and announced a price target of $32 per share.

Afya is a medical education group based in Brazil. Its education portfolio has several courses in addition to Medicine, such as Management, Dentistry, Law, Engineering, Nursing, Psychology, Accounting Sciences, among others. The company offers Undergraduate courses, Preparatory Courses and Postgraduate studies. Its segments comprise of Education Services Segment and Residency Preparatory and Specialization Programs Segment.

Afya shares traded down 8.40% to $24.60 on Monday. The stock has a 52-week high of $34.87 and a 52-week low of $13.98.