Auna (NYSE:AUNA) Sees Large Volume Increase - Should You Buy?

Key Points

• Auna's shares experienced a 141% increase in trading volume, with approximately 102,416 shares traded, compared to 42,490 in the previous session, closing at $6.77.
• Wall Street analysts raised Auna's rating from "hold" to "buy," with an average price target of $10.70 amidst an overall rating of "hold" from several analysts.
• The company's latest earnings report revealed $0.33 earnings per share, significantly beating expectations, although revenue of $309 million fell short of the $1.17 billion estimate.

Auna S.A. (NYSE:AUNA - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 102,416 shares traded hands during mid-day trading, an increase of 141% from the previous session's volume of 42,490 shares.The stock last traded at $6.77 and had previously closed at $6.70.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Auna from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Auna presently has an average rating of "Hold" and an average price target of $10.70.

Auna Stock Performance

The company has a debt-to-equity ratio of 1.71, a current ratio of 0.91 and a quick ratio of 0.84. The company has a 50 day simple moving average of $6.33 and a 200-day simple moving average of $6.57. The stock has a market cap of $497.72 million, a P/E ratio of 7.64 and a beta of 2.26.

Auna (NYSE:AUNA - Get Free Report) last released its earnings results on Tuesday, August 19th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.20. Auna had a return on equity of 15.14% and a net margin of 5.49%.The company had revenue of $309.00 million during the quarter, compared to analyst estimates of $1.17 billion. On average, equities analysts expect that Auna S.A. will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Auna

Institutional investors and hedge funds have recently modified their holdings of the company. HBK Sorce Advisory LLC bought a new position in Auna in the 2nd quarter worth $62,000. S Bank Fund Management Ltd bought a new stake in shares of Auna in the second quarter worth about $126,000. Goldman Sachs Group Inc. bought a new stake in shares of Auna in the first quarter worth about $219,000. Hohimer Wealth Management LLC bought a new stake in Auna during the second quarter worth approximately $264,000. Finally, Deltec Asset Management LLC increased its stake in Auna by 2.3% during the first quarter. Deltec Asset Management LLC now owns 90,500 shares of the company's stock worth $643,000 after acquiring an additional 2,000 shares during the last quarter.

Auna Company Profile

Auna SA, a healthcare service provider, operates hospitals and clinics in Mexico, Peru, and Colombia. The company provides prepaid healthcare plans in Peru; and dental and vision plans in Mexico. The company was founded in 1989 and is based in Luxembourg, Luxembourg.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.