Lavoro (NASDAQ:LVRO) Stock Price Down 8.1% – Here’s Why

Shares of Lavoro Limited (NASDAQ:LVRO) fell 8.1% during mid-day trading on Thursday . The stock traded as low as $4.74 and last traded at $4.74. 676 shares were traded during mid-day trading, a decline of 96% from the average session volume of 18,313 shares. The stock had previously closed at $5.16.

Analysts Set New Price Targets

Separately, Oppenheimer lowered their price objective on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st.

Lavoro Price Performance

The firm has a 50-day simple moving average of $4.65 and a two-hundred day simple moving average of $4.87. The company has a market capitalization of $552.72 million, a price-to-earnings ratio of -3.51 and a beta of 0.30. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) EPS for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. The firm had revenue of $271.10 million for the quarter. As a group, analysts predict that Lavoro Limited will post -1.32 earnings per share for the current fiscal year.

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.