Lavoro (NASDAQ:LVRO) Shares Gap Down to $6.07

Lavoro Limited (NASDAQ:LVROGet Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $6.07, but opened at $5.71. Lavoro shares last traded at $5.70, with a volume of 802 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Oppenheimer assumed coverage on shares of Lavoro in a research report on Thursday, April 11th. They issued an “outperform” rating and a $11.00 price objective for the company.

View Our Latest Stock Analysis on Lavoro

Lavoro Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.71. The stock’s 50-day moving average is $6.33 and its 200 day moving average is $6.95.

Lavoro (NASDAQ:LVROGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. The company had revenue of $618.96 million for the quarter, compared to analyst estimates of $626.10 million. On average, sell-side analysts anticipate that Lavoro Limited will post -0.35 earnings per share for the current fiscal year.

About Lavoro

(Get Free Report)

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.

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