Shares of Lavoro Limited (NASDAQ:LVRO - Get Free Report) fell 3.2% on Friday . The stock traded as low as $5.84 and last traded at $5.84. 677 shares traded hands during trading, a decline of 98% from the average session volume of 39,728 shares. The stock had previously closed at $6.03.
Wall Street Analyst Weigh In
Separately, Oppenheimer began coverage on shares of Lavoro in a research note on Thursday, April 11th. They set an "outperform" rating and a $11.00 target price for the company.
Check Out Our Latest Stock Report on LVRO
Lavoro Stock Down 2.6 %
The firm's 50-day moving average price is $6.57 and its 200 day moving average price is $6.97. The firm has a market cap of $685.67 million, a P/E ratio of -6.00 and a beta of 0.12. The company has a quick ratio of 0.71, a current ratio of 1.05 and a debt-to-equity ratio of 0.07.
Lavoro (NASDAQ:LVRO - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $626.10 million. Lavoro had a negative return on equity of 6.44% and a negative net margin of 5.99%. As a group, research analysts expect that Lavoro Limited will post -0.35 earnings per share for the current year.
Institutional Trading of Lavoro
A number of hedge funds have recently made changes to their positions in LVRO. JPMorgan Chase & Co. acquired a new position in Lavoro in the first quarter worth approximately $35,000. Northern Trust Corp acquired a new position in Lavoro in the fourth quarter worth approximately $161,000. Citadel Advisors LLC acquired a new position in Lavoro in the second quarter worth approximately $114,000. Polar Asset Management Partners Inc. acquired a new position in Lavoro in the first quarter worth approximately $941,000. Finally, Boothbay Fund Management LLC acquired a new position in Lavoro in the first quarter worth approximately $2,550,000. 2.47% of the stock is owned by hedge funds and other institutional investors.
About Lavoro
(
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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.
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