Lavoro (NASDAQ:LVRO) Stock Price Down 8.2% – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO) fell 8.2% during trading on Friday . The company traded as low as $4.58 and last traded at $4.59. 1,502 shares traded hands during trading, an increase of 16% from the average session volume of 1,291 shares. The stock had previously closed at $5.00.

Analysts Set New Price Targets

Separately, Oppenheimer cut their target price on Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, October 21st.

Lavoro Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The company’s 50 day moving average price is $4.83 and its 200-day moving average price is $4.82. The company has a market cap of $584.21 million, a price-to-earnings ratio of -3.71 and a beta of 0.30.

Lavoro (NASDAQ:LVRO) last issued its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. The business had revenue of $271.10 million for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. On average, equities research analysts forecast that Lavoro Limited will post -1.32 earnings per share for the current fiscal year.

About Lavoro

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.