Lavoro (NASDAQ:LVRO) Stock Price Down 8.1% – Time to Sell?

Lavoro Limited (NASDAQ:LVRO) fell 8.1% on Thursday . The company traded as low as $4.74 and last traded at $4.74. 676 shares were traded during mid-day trading, a decline of 96% from the average session volume of 18,313 shares. The stock had previously closed at $5.16.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer decreased their price objective 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 Down 8.1 %

The firm has a market capitalization of $552.72 million, a PE ratio of -3.51 and a beta of 0.30. The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $4.65 and a 200-day simple moving average of $4.87.

Lavoro (NASDAQ:LVRO) last posted its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. The firm 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%. Analysts forecast that Lavoro Limited will post -1.32 EPS for the current 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.