Lavoro (NASDAQ:LVRO) Trading Down 5.2% – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO) shares traded down 5.2% during trading on Thursday . The stock traded as low as $1.3217 and last traded at $1.27. 1,388 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 6,124 shares. The stock had previously closed at $1.34.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lavoro in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average price target of $3.44.

Lavoro Trading Down 5.2%

The firm has a market cap of $148.09 million, a price-to-earnings ratio of -0.78 and a beta of 0.45. The stock has a 50-day moving average of $1.55 and a 200-day moving average of $2.04.

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.