Lavoro (NASDAQ:LVRO) Shares Up 3.6% – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO) rose 3.6% on Wednesday . The company traded as high as $4.37 and last traded at $4.35. Approximately 1,797 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 8,019 shares. The stock had previously closed at $4.20.

Analyst Upgrades and Downgrades

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

Lavoro Price Performance

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 firm’s fifty day moving average price is $4.86 and its two-hundred day moving average price is $4.80. The stock has a market capitalization of $486.26 million, a PE ratio of -3.09 and a beta of 0.31.

Lavoro (NASDAQ:LVRO) last announced its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. The company had revenue of $271.10 million for the quarter. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. On average, equities analysts predict that Lavoro Limited will post -1.32 earnings per share 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.