Lavoro (NASDAQ:LVRO) Sees Strong Trading Volume – Here’s Why

Shares of Lavoro Limited (NASDAQ:LVRO) saw unusually-strong trading volume on Wednesday . Approximately 11,693 shares changed hands during mid-day trading, an increase of 127% from the previous session’s volume of 5,155 shares.The stock last traded at $4.78 and had previously closed at $4.88.

Analyst Ratings Changes

Several research firms have recently weighed in on LVRO. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st. Canaccord Genuity Group decreased their price target on Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, February 4th.

Lavoro Trading Down 3.8 %

The company has a 50 day simple moving average of $4.49 and a two-hundred day simple moving average of $4.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.66 and a current ratio of 0.95. The company has a market cap of $566.72 million, a PE ratio of -2.98 and a beta of 0.32.

Lavoro (NASDAQ:LVRO) last released its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative return on equity of 57.56% and a negative net margin of 10.39%. Sell-side analysts forecast that Lavoro Limited will post -1.84 EPS for the current year.

Institutional Trading of Lavoro

A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC purchased a new position in shares of Lavoro Limited (NASDAQ:LVRO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,069 shares of the company’s stock, valued at approximately $48,000. 2.47% of the stock is owned by hedge funds and other institutional investors.

Lavoro Company Profile

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.