Vasta Platform (NASDAQ:VSTA) Stock Price Down 3.4% – Should You Sell?

Vasta Platform Limited (NASDAQ:VSTA)’s share price was down 3.4% during trading on Thursday . The company traded as low as $2.27 and last traded at $2.30. Approximately 3,048 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 15,190 shares. The stock had previously closed at $2.38.

Vasta Platform Stock Down 3.4 %

The company has a 50-day moving average of $2.35 and a two-hundred day moving average of $2.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 0.90. The company has a market capitalization of $184.40 million, a PE ratio of -32.85 and a beta of 0.17.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. increased its position in Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,631,525 shares of the company’s stock after acquiring an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned about 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent quarter. Institutional investors own 15.80% of the company’s stock.

About Vasta Platform

Vasta Platform Limited provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company offers digital and printed textbooks, teacher handbooks, exercise books, multidisciplinary subject books, and student evaluations; and PAR platform that allows schools to select their preferred books and materials and follow their own specific teaching methods.