Lavoro (NASDAQ:LVRO) Shares Gap Down – Should You Sell?

Lavoro Limited (NASDAQ:LVRO) gapped down before the market opened on Thursday . The stock had previously closed at $4.99, but opened at $4.49. Lavoro shares last traded at $4.80, with a volume of 1,452 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on LVRO. Canaccord Genuity Group reduced their target price on Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Trading Down 4.0 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.66 and a current ratio of 0.95. The business has a fifty day simple moving average of $4.46 and a 200 day simple moving average of $4.55. The company has a market cap of $552.72 million, a P/E ratio of -2.91 and a beta of 0.32.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative return on equity of 57.56% and a negative net margin of 10.39%. Analysts anticipate that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Institutional Trading of Lavoro

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC purchased a new position in Lavoro Limited (NASDAQ:LVRO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,069 shares of the company’s stock, valued at approximately $48,000. Institutional investors and hedge funds own 2.47% of the company’s stock.

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.