Lavoro (NASDAQ:LVRO) Trading Down 3.3% – Should You Sell?

Lavoro Limited (NASDAQ:LVRO) was down 3.3% during mid-day trading on Thursday . The company traded as low as $5.00 and last traded at $5.00. Approximately 246 shares were traded during trading, a decline of 99% from the average daily volume of 18,095 shares. The stock had previously closed at $5.17.

Wall Street Analyst Weigh In

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

Lavoro Trading Down 2.5 %

The firm has a 50 day simple moving average of $4.72 and a 200 day simple moving average of $4.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The firm has a market cap of $587.70 million, a P/E ratio of -3.73 and a beta of 0.30.

Lavoro (NASDAQ:LVRO) last posted its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. The firm 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%. On average, equities research analysts predict 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.