Lavoro (NASDAQ:LVRO) Stock Price Down 10.9% – Time to Sell?

Lavoro Limited (NASDAQ:LVRO) was down 10.9% during trading on Thursday . The stock traded as low as $4.50 and last traded at $4.50. Approximately 1,588 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 18,732 shares. The stock had previously closed at $5.05.

Analyst Ratings Changes

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

Lavoro Stock Performance

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 firm has a fifty day moving average price of $4.58 and a 200 day moving average price of $4.90. The firm has a market cap of $563.08 million, a PE ratio of -3.58 and a beta of 0.30.

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

Lavoro Company Profile

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.