Vasta Platform (NASDAQ:VSTA) Shares Down 0.7%

Vasta Platform Limited (NASDAQ:VSTA)’s share price was down 0.7% during trading on Wednesday . The stock traded as low as $2.76 and last traded at $2.78. Approximately 26,400 shares changed hands during trading, a decline of 47% from the average daily volume of 50,001 shares. The stock had previously closed at $2.80.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Vasta Platform from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $4.50 to $3.00 in a research report on Friday, June 21st.

Vasta Platform Stock Down 0.7 %

The stock has a market capitalization of $225.18 million, a P/E ratio of -19.86 and a beta of 0.13. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $2.99 and its 200-day moving average is $3.52.

Vasta Platform Company Profile

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.