Lavoro (NASDAQ:LVRO) Shares Gap Down – What’s Next?

Shares of Lavoro Limited (NASDAQ:LVRO) gapped down prior to trading on Thursday . The stock had previously closed at $4.77, but opened at $4.60. Lavoro shares last traded at $4.88, with a volume of 1,099 shares traded.

Analyst Upgrades and Downgrades

Separately, Oppenheimer dropped their price objective on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, October 21st.

Lavoro Price 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’s fifty day moving average price is $4.30 and its 200-day moving average price is $4.98.

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

Lavoro Company Profile

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.