Lavoro (NASDAQ:LVRO) Shares Gap Down to $5.92

Lavoro Limited (NASDAQ:LVRO) gapped down before the market opened on Friday . The stock had previously closed at $5.92, but opened at $5.74. Lavoro shares last traded at $5.74, with a volume of 177 shares.

Lavoro Price Performance

The stock’s fifty day moving average is $7.01 and its 200-day moving average is $7.02. The stock has a market capitalization of $743.97 million, a PE ratio of -6.04 and a beta of 0.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.71.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). Lavoro had a negative return on equity of 6.44% and a negative net margin of 5.99%. The firm had revenue of $618.96 million for the quarter, compared to analysts’ expectations of $626.10 million. As a group, equities analysts predict that Lavoro Limited will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lavoro

Several hedge funds and other institutional investors have recently modified their holdings of LVRO. JPMorgan Chase & Co. purchased a new position in shares of Lavoro in the first quarter worth about $35,000. Citadel Advisors LLC acquired a new stake in Lavoro during the second quarter worth about $114,000. Northern Trust Corp acquired a new stake in Lavoro during the fourth quarter worth about $161,000. Polar Asset Management Partners Inc. acquired a new stake in Lavoro during the first quarter worth about $941,000. Finally, Boothbay Fund Management LLC acquired a new stake in Lavoro during the first quarter worth about $2,550,000. 2.47% of the stock is owned by hedge funds and other institutional investors.

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.