Lavoro (NASDAQ:LVRO) Shares Gap Down to $6.07

Lavoro Limited (NASDAQ:LVRO - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $6.07, but opened at $5.71. Lavoro shares last traded at $5.70, with a volume of 802 shares changing hands.

Analyst Ratings Changes

Separately, Oppenheimer assumed coverage on Lavoro in a research note on Thursday, April 11th. They set an "outperform" rating and a $11.00 target price for the company.

Lavoro Stock Down 1.5 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.71. The business's 50 day moving average price is $6.37 and its 200 day moving average price is $6.95. The firm has a market cap of $697.33 million, a PE ratio of -6.10 and a beta of 0.12.

Lavoro (NASDAQ:LVRO - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.10). The firm had revenue of $618.96 million for the quarter, compared to analysts' expectations of $626.10 million. Lavoro had a negative return on equity of 6.44% and a negative net margin of 5.99%. On average, equities research analysts expect that Lavoro Limited will post -0.35 earnings per share for the current 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.