Vasta Platform (NASDAQ:VSTA) Stock Price Down 1.8% – Here’s What Happened

Shares of Vasta Platform Limited (NASDAQ:VSTA) were down 1.8% during mid-day trading on Friday . The company traded as low as $2.66 and last traded at $2.75. Approximately 5,928 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 18,560 shares. The stock had previously closed at $2.80.

Vasta Platform Trading Down 1.8 %

The firm has a 50-day moving average of $2.49 and a 200 day moving average of $2.53. The company has a current ratio of 1.21, a quick ratio of 0.90 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $220.47 million, a price-to-earnings ratio of -39.28 and a beta of 0.21.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. boosted its stake in Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,631,525 shares of the company’s stock after buying an additional 374,757 shares during the period. JPMorgan Chase & Co. owned 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent quarter. 15.80% of the stock is currently owned by institutional investors and hedge funds.

Vasta Platform Company Profile

Vasta Platform Limited provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company offers digital and printed textbooks, teacher handbooks, exercise books, multidisciplinary subject books, and student evaluations; and PAR platform that allows schools to select their preferred books and materials and follow their own specific teaching methods.