Lavoro (NASDAQ:LVRO) Shares Down 8.2% – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO)’s stock price fell 8.2% during mid-day trading on Friday . The stock traded as low as $4.58 and last traded at $4.59. 1,502 shares traded hands during mid-day 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 cut 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 Trading Down 0.4 %

The company has a market cap of $580.71 million, a price-to-earnings ratio of -3.69 and a beta of 0.30. 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 business’s 50 day moving average price is $4.85 and its 200-day moving average price is $4.82.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. The firm had revenue of $271.10 million for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. On average, equities analysts anticipate that Lavoro Limited will post -1.32 EPS for the current fiscal year.

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.