Lavoro (NASDAQ:LVRO) Shares Gap Down – Here’s Why

Lavoro Limited (NASDAQ:LVRO) gapped down prior to trading on Monday . The stock had previously closed at $4.98, but opened at $4.54. Lavoro shares last traded at $4.87, with a volume of 624 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Oppenheimer dropped their price target 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 Stock Down 6.8 %

The firm has a market capitalization of $541.06 million, a PE ratio of -3.44 and a beta of 0.31. The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $4.85 and a 200-day moving average price of $4.81.

Lavoro (NASDAQ:LVRO) last issued its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) 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 research analysts forecast that Lavoro Limited will post -1.32 earnings per share 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.