Lavoro (NASDAQ:LVRO) Shares Gap Down - Should You Sell?

Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $4.83, but opened at $4.67. Lavoro shares last traded at $5.08, with a volume of 2,016 shares changing hands.

Analysts Set New Price Targets

Separately, Oppenheimer dropped their price objective on Lavoro from $9.00 to $7.00 and set an "outperform" rating for the company in a research report on Monday, October 21st.

Lavoro Price Performance

The company has a market capitalization of $590.05 million, a price-to-earnings ratio of -3.75 and a beta of 0.30. The company has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $4.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98.

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

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