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

Shares of Lavoro Limited (NASDAQ:LVRO) gapped up prior to trading on Friday . The stock had previously closed at $4.85, but opened at $5.14. Lavoro shares last traded at $5.14, with a volume of 900 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Oppenheimer dropped their price objective on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, October 21st.

Lavoro Trading Up 4.9 %

The company has a market cap of $593.54 million, a price-to-earnings ratio of -3.77 and a beta of 0.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The business’s 50 day moving average price is $4.31 and its 200-day moving average price is $4.98.

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