Lavoro (NASDAQ:LVRO) Stock Price Down 7.7% – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO) fell 7.7% during trading on Tuesday . The stock traded as low as $4.70 and last traded at $4.70. 212 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 19,673 shares. The stock had previously closed at $5.09.

Wall Street Analysts Forecast Growth

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

Lavoro Stock Down 1.8 %

The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $4.29 and a 200 day moving average price of $5.00.

Lavoro (NASDAQ:LVRO) last posted its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. The business had revenue of $271.10 million during the quarter. On average, equities analysts anticipate 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.