Shares of Lavoro Limited (NASDAQ:LVRO - Get Free Report) rose 16.7% during mid-day trading on Thursday . The company traded as high as $3.96 and last traded at $4.39. Approximately 846 shares traded hands during trading, a decline of 92% from the average daily volume of 11,008 shares. The stock had previously closed at $3.76.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Barclays raised Lavoro from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $6.00 to $5.00 in a research report on Tuesday. Oppenheimer dropped their price objective on shares of Lavoro from $9.00 to $7.00 and set an "outperform" rating on the stock in a report on Monday, October 21st.
Read Our Latest Report on Lavoro
Lavoro Stock Performance
The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. The firm has a market cap of $468.77 million, a P/E ratio of -2.98 and a beta of 0.31. The stock's 50 day moving average is $4.64 and its two-hundred day moving average is $4.67.
Lavoro (NASDAQ:LVRO - Get Free Report) last announced its earnings results 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 business had revenue of $271.10 million during the quarter. As a group, equities analysts predict that Lavoro Limited will post -1.32 EPS for the current year.
Lavoro Company Profile
(
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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