Vasta Platform (NASDAQ:VSTA) Shares Down 3.4% – Time to Sell?

Vasta Platform Limited (NASDAQ:VSTA)’s share price fell 3.4% during mid-day trading on Thursday . The company traded as low as $2.27 and last traded at $2.30. 3,048 shares traded hands during trading, a decline of 80% from the average session volume of 15,190 shares. The stock had previously closed at $2.38.

Vasta Platform Stock Down 3.4 %

The company’s 50-day moving average price is $2.35 and its 200 day moving average price is $2.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 1.21. The stock has a market cap of $184.40 million, a PE ratio of -32.85 and a beta of 0.17.

Institutional Trading of Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. grew its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,631,525 shares of the company’s stock after acquiring an additional 374,757 shares during the period. JPMorgan Chase & Co. owned about 2.04% of Vasta Platform worth $4,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.80% of the stock is owned by institutional investors and hedge funds.

About Vasta Platform

Vasta Platform Limited provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company offers digital and printed textbooks, teacher handbooks, exercise books, multidisciplinary subject books, and student evaluations; and PAR platform that allows schools to select their preferred books and materials and follow their own specific teaching methods.