Vasta Platform (NASDAQ:VSTA) Stock Price Down 3.4% – What’s Next?

Vasta Platform Limited (NASDAQ:VSTA) shares fell 3.4% on Thursday . The stock traded as low as $2.27 and last traded at $2.30. 3,048 shares traded hands during trading, a decline of 80% from the average session volume of 15,190 shares. The stock had previously closed at $2.38.

Vasta Platform Stock Performance

The company has a market capitalization of $182.79 million, a price-to-earnings ratio of -32.57 and a beta of 0.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 1.21. The firm’s 50 day simple moving average is $2.34 and its 200-day simple moving average is $2.61.

Institutional Trading of Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. boosted its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,631,525 shares of the company’s stock after purchasing an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned about 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent quarter. 15.80% of the stock is currently owned by hedge funds and other institutional investors.

About Vasta Platform

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.