Lavoro (NASDAQ:LVRO) Shares Gap Down to $5.35

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.35, but opened at $5.12. Lavoro shares last traded at $5.10, with a volume of 1,100 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on LVRO shares. Oppenheimer dropped their target price on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. Barclays reduced their target price on Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th.

Lavoro Trading Down 4.7 %

The stock’s 50-day moving average price is $5.61 and its two-hundred day moving average price is $6.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 0.77.

Lavoro (NASDAQ:LVRO) last released its earnings results on Monday, June 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.56). The business had revenue of $514.23 million for the quarter, compared to analysts’ expectations of $643.60 million. Lavoro had a negative net margin of 5.10% and a negative return on equity of 19.64%. On average, analysts forecast that Lavoro Limited will post -1.08 EPS 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.