Lavoro Limited (NASDAQ:LVRO - Get Free Report) saw strong trading volume on Tuesday . 320,778 shares traded hands during mid-day trading, an increase of 810% from the previous session's volume of 35,243 shares.The stock last traded at $6.20 and had previously closed at $6.03.
Wall Street Analyst Weigh In
Separately, Oppenheimer assumed coverage on Lavoro in a report on Thursday, April 11th. They issued an "outperform" rating and a $11.00 target price for the company.
Read Our Latest Stock Report on Lavoro
Lavoro Price Performance
The company has a market capitalization of $681.00 million, a PE ratio of -5.96 and a beta of 0.12. The company has a current ratio of 1.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $6.71 and a 200-day simple moving average of $6.99.
Lavoro (NASDAQ:LVRO - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.10). The business 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%. Equities analysts anticipate that Lavoro Limited will post -0.35 earnings per share for the current year.
Institutional Trading of Lavoro
A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in shares of Lavoro in the 1st quarter valued at about $35,000. Citadel Advisors LLC purchased a new stake in shares of Lavoro in the 2nd quarter valued at about $114,000. Northern Trust Corp purchased a new stake in shares of Lavoro in the 4th quarter valued at about $161,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Lavoro in the 1st quarter valued at about $941,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Lavoro in the 1st quarter valued at about $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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