Lavoro (NASDAQ:LVRO) Shares Up 5.5%

Lavoro Limited (NASDAQ:LVRO) was up 5.5% during trading on Thursday . The company traded as high as $5.80 and last traded at $5.80. Approximately 142 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 28,203 shares. The stock had previously closed at $5.50.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LVRO shares. Oppenheimer decreased their target price on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Barclays decreased their target price on shares of Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 4th.

Lavoro Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.01. The stock’s 50 day simple moving average is $5.70 and its 200-day simple moving average is $6.82.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings results on Monday, June 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.56). Lavoro had a negative return on equity of 19.64% and a negative net margin of 5.10%. The business had revenue of $514.23 million for the quarter, compared to analysts’ expectations of $643.60 million. Analysts anticipate that Lavoro Limited will post -1.08 EPS for the current fiscal 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.