Shares of Lavoro Limited (NASDAQ:LVRO - Get Free Report) were down 8.1% during mid-day trading on Thursday . The company traded as low as $4.74 and last traded at $4.74. Approximately 676 shares traded hands during trading, a decline of 96% from the average daily volume of 18,313 shares. The stock had previously closed at $5.16.
Analysts Set New Price Targets
Separately, Oppenheimer reduced their price target on shares of Lavoro from $9.00 to $7.00 and set an "outperform" rating for the company in a research report on Monday, October 21st.
View Our Latest Stock Analysis on Lavoro
Lavoro Stock Performance
The stock has a market capitalization of $552.72 million, a PE ratio of -3.51 and a beta of 0.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The firm has a 50 day moving average of $4.67 and a 200-day moving average of $4.87.
Lavoro (NASDAQ:LVRO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. The company had revenue of $271.10 million during the quarter. Research analysts forecast that Lavoro Limited will post -1.32 earnings per share for the current year.
About Lavoro
(
Get Free Report)
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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