Lavoro (NASDAQ:LVRO) Stock Price Down 4.7%

Lavoro Limited (NASDAQ:LVRO) shares traded down 4.7% during mid-day trading on Friday . The company traded as low as $5.70 and last traded at $5.70. 1,134 shares were traded during trading, a decline of 97% from the average session volume of 38,816 shares. The stock had previously closed at $5.98.

Analyst Ratings Changes

Separately, Oppenheimer initiated coverage on shares of Lavoro in a research report on Thursday, April 11th. They set an “outperform” rating and a $11.00 price target on the stock.

Lavoro Stock Down 6.4 %

The stock has a market capitalization of $653.02 million, a price-to-earnings ratio of -5.82 and a beta of 0.12. The firm has a 50-day moving average of $6.37 and a 200 day moving average of $6.95. The company has a current ratio of 1.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07.

Lavoro (NASDAQ:LVRO) last posted its earnings results on Thursday, March 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). The firm had revenue of $618.96 million for the quarter, compared to analyst estimates of $626.10 million. Lavoro had a negative return on equity of 6.44% and a negative net margin of 5.99%. On average, sell-side analysts anticipate that Lavoro Limited will post -0.35 earnings per share for the current year.

About Lavoro

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.