Village Farms International (NASDAQ:VFF) Upgraded at Wall Street Zen

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

A number of other equities research analysts also recently weighed in on VFF. Alliance Global Partners restated a “buy” rating on shares of Village Farms International in a research report on Tuesday, May 13th. Zelman & Associates restated an “overweight” rating on shares of Village Farms International in a research report on Monday, June 9th.

Village Farms International Trading Down 0.5%

NASDAQ VFF opened at $1.06 on Friday. The stock’s 50-day simple moving average is $0.89 and its two-hundred day simple moving average is $0.79. Village Farms International has a twelve month low of $0.45 and a twelve month high of $1.32. The company has a quick ratio of 1.09, a current ratio of 2.05 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $119.08 million, a price-to-earnings ratio of -2.36 and a beta of 2.22.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Village Farms International had a negative net margin of 15.16% and a negative return on equity of 8.26%. The firm had revenue of $77.07 million for the quarter, compared to analysts’ expectations of $78.44 million. Research analysts forecast that Village Farms International will post -0.15 EPS for the current fiscal year.

Insider Transactions at Village Farms International

In related news, CFO Stephen C. Ruffini acquired 25,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $1.21 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the chief financial officer now owns 9,783,127 shares in the company, valued at approximately $11,837,583.67. This represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Lighthouse Financial LLC purchased a new position in shares of Village Farms International in the fourth quarter worth about $36,000. Raymond James Financial Inc. purchased a new position in shares of Village Farms International in the fourth quarter worth about $146,000. Tudor Investment Corp ET AL purchased a new position in Village Farms International during the 4th quarter valued at about $146,000. Two Sigma Advisers LP increased its holdings in Village Farms International by 625.6% during the 4th quarter. Two Sigma Advisers LP now owns 193,000 shares of the company’s stock valued at $149,000 after purchasing an additional 166,400 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Village Farms International by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 737,574 shares of the company’s stock valued at $446,000 after purchasing an additional 35,913 shares during the period. Hedge funds and other institutional investors own 12.15% of the company’s stock.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.