JPMorgan Chase & Co. Lowers Vasta Platform (NASDAQ:VSTA) to Underweight

JPMorgan Chase & Co. lowered shares of Vasta Platform (NASDAQ:VSTA) from an overweight rating to an underweight rating in a research report released on Tuesday, MarketBeat.com reports.

Separately, Morgan Stanley lowered Vasta Platform from an equal weight rating to an underweight rating and cut their price objective for the stock from $4.50 to $3.00 in a research note on Friday, June 21st.

Vasta Platform Price Performance

Shares of VSTA opened at $2.24 on Tuesday. The stock’s 50-day moving average price is $2.95 and its two-hundred day moving average price is $3.46. Vasta Platform has a 12 month low of $2.11 and a 12 month high of $4.55. The company has a market capitalization of $181.44 million, a PE ratio of -15.64 and a beta of 0.13. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.17.

Vasta Platform Company Profile

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.