Lavoro (NASDAQ:LVRO) Trading 15.5% Higher - Here's What Happened

Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s share price rose 15.5% on Friday . The company traded as high as $4.57 and last traded at $4.40. Approximately 34,693 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 20,788 shares. The stock had previously closed at $3.81.

Analyst Ratings Changes

LVRO has been the topic of several recent research reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $8.50 target price on shares of Lavoro in a research note on Friday, July 19th. Canaccord Genuity Group raised shares of Lavoro to a "strong-buy" rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $8.88.

Lavoro Trading Up 15.5 %

The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $4.58 and a 200-day moving average price of $5.28. The company has a market cap of $513.08 million, a P/E ratio of -5.24 and a beta of 0.17.

About Lavoro

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.