Lavoro (NASDAQ:LVRO) Shares Gap Down to $5.74

Lavoro Limited (NASDAQ:LVROGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $5.74, but opened at $5.57. Lavoro shares last traded at $5.57, with a volume of 7,926 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LVRO shares. Oppenheimer lowered their price target on Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Barclays cut their price target on shares of Lavoro from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th.

Get Our Latest Research Report on Lavoro

Lavoro Trading Up 1.9 %

The business’s 50 day simple moving average is $5.84 and its 200 day simple moving average is $6.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 0.77. The stock has a market cap of $651.29 million, a P/E ratio of -6.65 and a beta of 0.24.

About Lavoro

(Get Free Report)

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.

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