Lavoro (NASDAQ:LVRO) Shares Gap Down – Here’s Why

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.00, but opened at $4.72. Lavoro shares last traded at $4.72, with a volume of 189 shares traded.

Analysts Set New Price Targets

Separately, Oppenheimer lowered their price objective on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

Lavoro Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. The company’s 50-day moving average price is $4.39 and its two-hundred day moving average price is $4.94.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) EPS for the quarter. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. The company had revenue of $271.10 million during the quarter. Equities research analysts anticipate that Lavoro Limited will post -1.32 EPS for the current fiscal year.

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.