Lavoro (NASDAQ:LVRO) Trading Down 8.2% - Time to Sell?

Shares of Lavoro Limited (NASDAQ:LVRO - Get Free Report) traded down 8.2% during trading on Friday . The company traded as low as $4.58 and last traded at $4.59. 1,502 shares changed hands during trading, an increase of 16% from the average session volume of 1,291 shares. The stock had previously closed at $5.00.

Analyst Upgrades and Downgrades

Separately, Oppenheimer decreased their price target on shares of Lavoro from $9.00 to $7.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st.

Lavoro Price Performance

The business's 50-day simple moving average is $4.85 and its two-hundred day simple moving average is $4.82. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The firm has a market cap of $580.71 million, a price-to-earnings ratio of -3.69 and a beta of 0.30.

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