Vasta Platform (NASDAQ:VSTA) Shares Down 1.8% – Should You Sell?

Vasta Platform Limited (NASDAQ:VSTA)’s share price traded down 1.8% during mid-day trading on Friday . The company traded as low as $2.66 and last traded at $2.75. 5,928 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 18,560 shares. The stock had previously closed at $2.80.

Vasta Platform Stock Down 1.8 %

The firm has a market cap of $220.47 million, a P/E ratio of -39.28 and a beta of 0.21. The firm’s 50-day moving average price is $2.49 and its 200 day moving average price is $2.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.21 and a quick ratio of 0.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. grew its stake in shares of Vasta Platform Limited (NASDAQ:VSTA) by 29.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,631,525 shares of the company’s stock after purchasing an additional 374,757 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.04% of Vasta Platform worth $4,291,000 as of its most recent SEC filing. 15.80% of the stock is owned by institutional investors and hedge funds.

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.