Lavoro Limited (NASDAQ:LVRO – Get Free Report) traded up 19.1% during trading on Thursday . The company traded as high as $6.55 and last traded at $6.55. 7,187 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 12,732 shares. The stock had previously closed at $5.50.
Wall Street Analyst Weigh In
Separately, Barclays assumed coverage on Lavoro in a research report on Tuesday, December 5th. They issued an “equal weight” rating and a $7.00 price target on the stock.
Lavoro Trading Up 9.1 %
The stock has a market capitalization of $699.66 million, a PE ratio of -5.61 and a beta of 0.14. The firm has a 50 day moving average price of $7.47 and a 200 day moving average price of $7.03. The company has a quick ratio of 0.71, a current ratio of 1.05 and a debt-to-equity ratio of 0.07.
Lavoro (NASDAQ:LVRO – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.02 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 business had revenue of $618.96 million for the quarter, compared to analysts’ expectations of $626.10 million. Equities analysts expect that Lavoro Limited will post -0.32 EPS for the current fiscal year.
Institutional Trading of Lavoro
Large investors have recently bought and sold shares of the company. Northern Trust Corp purchased a new position in shares of Lavoro in the fourth quarter valued at $161,000. Citadel Advisors LLC purchased a new position in shares of Lavoro in the second quarter valued at $114,000. JPMorgan Chase & Co. purchased a new position in shares of Lavoro in the first quarter valued at $35,000. Sandia Investment Management LP purchased a new position in shares of Lavoro in the first quarter valued at $11,201,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Lavoro in the first quarter valued at $941,000. 2.82% of the stock is owned by hedge funds and other institutional investors.
About Lavoro
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.