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

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.05, but opened at $4.73. Lavoro shares last traded at $4.73, with a volume of 911 shares trading hands.

Analysts Set New Price Targets

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

Lavoro Stock Down 6.3 %

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 $4.47 and its 200-day moving average price is $4.91.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. The company had revenue of $271.10 million for the quarter. As a group, equities research analysts expect 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.