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

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

Vasta Platform Trading Down 3.4 %

The stock has a 50-day moving average price of $2.35 and a two-hundred day moving average price of $2.61. The stock has a market capitalization of $184.40 million, a PE ratio of -32.85 and a beta of 0.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 1.21.

Hedge Funds Weigh In On Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. boosted its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,631,525 shares of the company’s stock after purchasing an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned about 2.04% of Vasta Platform worth $4,291,000 at the end of the most recent quarter. 15.80% of the stock is currently owned by hedge funds and other institutional investors.

Vasta Platform Company Profile

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.