Village Farms International (NASDAQ:VFF) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Village Farms International (NASDAQ:VFF) from a buy rating to a hold rating in a report issued on Saturday morning.

Several other analysts also recently commented on the stock. Zacks Research downgraded shares of Village Farms International from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. Weiss Ratings restated a “hold (c)” rating on shares of Village Farms International in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Village Farms International has a consensus rating of “Hold”.

Village Farms International Stock Performance

VFF opened at $2.54 on Friday. The company has a market cap of $292.35 million, a price-to-earnings ratio of 9.41 and a beta of 1.23. The company has a current ratio of 2.64, a quick ratio of 1.93 and a debt-to-equity ratio of 0.11. Village Farms International has a 1-year low of $0.45 and a 1-year high of $4.99. The company’s fifty day moving average price is $3.29 and its two-hundred day moving average price is $3.31.

Village Farms International (NASDAQ:VFF) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Village Farms International had a return on equity of 5.79% and a net margin of 12.81%.The company had revenue of $49.62 million for the quarter, compared to the consensus estimate of $60.32 million. On average, analysts expect that Village Farms International will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Village Farms International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC increased its stake in shares of Village Farms International by 38.0% during the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 21,778 shares of the company’s stock worth $68,000 after purchasing an additional 6,000 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Village Farms International in the 4th quarter worth about $27,000. Barclays PLC bought a new stake in Village Farms International in the 4th quarter valued at about $29,000. Traynor Capital Management Inc. bought a new stake in Village Farms International in the 3rd quarter valued at about $31,000. Finally, Cetera Investment Advisers lifted its holdings in Village Farms International by 45.7% during the fourth quarter. Cetera Investment Advisers now owns 34,282 shares of the company’s stock valued at $125,000 after purchasing an additional 10,755 shares during the last quarter. 12.15% of the stock is owned by hedge funds and other institutional investors.

About Village Farms International

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.