Lavoro (NASDAQ:LVRO) Shares Gap Down to $6.07

Shares of Lavoro Limited (NASDAQ:LVRO) gapped down prior to trading on Thursday . The stock had previously closed at $6.07, but opened at $5.71. Lavoro shares last traded at $5.70, with a volume of 802 shares.

Analysts Set New Price Targets

Separately, Oppenheimer started coverage on shares of Lavoro in a research report on Thursday, April 11th. They issued an “outperform” rating and a $11.00 target price for the company.

Lavoro Trading Down 6.4 %

The business’s fifty day moving average price is $6.33 and its two-hundred day moving average price is $6.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.05.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). The business had revenue of $618.96 million for the quarter, compared to the consensus estimate of $626.10 million. Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. On average, research analysts expect that Lavoro Limited will post -0.35 EPS for the current 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.