Lavoro (NASDAQ:LVRO) Trading 6.1% Higher – What’s Next?

Lavoro Limited (NASDAQ:LVRO) shares were up 6.1% during trading on Monday . The company traded as high as $1.0559 and last traded at $1.0050. Approximately 8,702 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 6,667 shares. The stock had previously closed at $0.9469.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lavoro in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus price target of $3.44.

Lavoro Stock Up 6.1%

The stock has a market capitalization of $117.19 million, a price-to-earnings ratio of -0.62 and a beta of 0.47. The company’s fifty day simple moving average is $1.43 and its 200 day simple moving average is $1.85.

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.