Vasta Platform (NASDAQ:VSTA) Trading Down 3.4% – What’s Next?

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

Vasta Platform Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.21 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $2.34 and its 200-day moving average is $2.61. The company has a market cap of $182.79 million, a PE ratio of -32.57 and a beta of 0.17.

Institutional Trading of Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. raised its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,631,525 shares of the company’s stock after purchasing an additional 374,757 shares during the period. JPMorgan Chase & Co. owned 2.04% of Vasta Platform worth $4,291,000 as of its most recent SEC filing. 15.80% of the stock is currently 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.