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Vasta Platform (NASDAQ:VSTA) Trading Down 3.6% - Here's Why

Vasta Platform logo with Business Services background

Shares of Vasta Platform Limited (NASDAQ:VSTA - Get Free Report) dropped 3.6% on Thursday . The stock traded as low as $4.07 and last traded at $4.07. Approximately 36,399 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 66,058 shares. The stock had previously closed at $4.22.

Vasta Platform Stock Performance

The stock has a market cap of $328.83 million, a PE ratio of -58.56 and a beta of -0.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 0.90. The business has a 50 day moving average price of $4.42 and a two-hundred day moving average price of $3.28.

Vasta Platform (NASDAQ:VSTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $75.32 million during the quarter, compared to the consensus estimate of $414.00 million. Vasta Platform had a positive return on equity of 1.61% and a negative net margin of 3.32%. As a group, equities research analysts forecast that Vasta Platform Limited will post 0.19 EPS for the current fiscal year.

Vasta Platform Company Profile

(Get Free Report)

Vasta Platform Limited provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company offers digital and printed textbooks, teacher handbooks, exercise books, multidisciplinary subject books, and student evaluations; and PAR platform that allows schools to select their preferred books and materials and follow their own specific teaching methods.

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