Village Farms International (NASDAQ:VFF) Stock Gets Downgrade from Wall Street Zen

Village Farms International (NASDAQ:VFF) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Zacks Research upgraded Village Farms International from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised Village Farms International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 12th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Village Farms International Stock Performance

VFF opened at $2.54 on Friday. The business’s 50 day moving average is $2.80 and its 200-day moving average is $2.72. The stock has a market cap of $310.62 million, a PE ratio of 14.31 and a beta of 1.34. The company has a current ratio of 3.17, a quick ratio of 2.25 and a debt-to-equity ratio of 0.13. Village Farms International has a twelve month low of $1.80 and a twelve month high of $4.99.

Village Farms International (NASDAQ:VFF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Village Farms International had a return on equity of 7.62% and a net margin of 9.85%. The business had revenue of $63.98 million during the quarter, compared to analyst estimates of $56.30 million. On average, analysts predict that Village Farms International will post 0.17 earnings per share for the current year.

Insider Activity at Village Farms International

In related news, Director Christopher C. Woodward purchased 10,000 shares of Village Farms International stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average cost of $3.06 per share, with a total value of $30,600.00. Following the purchase, the director owned 171,526 shares in the company, valued at approximately $524,869.56. The trade was a 6.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new stake in Village Farms International in the third quarter worth approximately $44,000. Headlands Technologies LLC increased its position in shares of Village Farms International by 247.4% during the 2nd quarter. Headlands Technologies LLC now owns 85,054 shares of the company’s stock valued at $170,000 after purchasing an additional 60,574 shares during the period. JB Capital Partners LP acquired a new position in shares of Village Farms International during the 2nd quarter valued at $360,000. Bank of New York Mellon Corp acquired a new position in shares of Village Farms International during the 2nd quarter valued at $249,000. Finally, Key Client Fiduciary Advisors LLC raised its stake in shares of Village Farms International by 116.6% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 1,334,631 shares of the company’s stock worth $2,663,000 after buying an additional 718,382 shares in the last quarter. Institutional investors and hedge funds own 12.15% of the company’s stock.

Village Farms International Company Profile

Village Farms International, Inc (NASDAQ:VFF) is an agriculture company that grows, markets and distributes fresh produce and cannabis. Its produce business focuses on greenhouse-grown tomatoes, cucumbers and peppers, including conventional and organic offerings sold under the Village Farms brand and through retail and foodservice channels.

The company operates greenhouse and distribution facilities in the United States, Canada and Mexico, serving grocery retailers, wholesalers and foodservice customers across North America.