Village Farms International (NASDAQ:VFF) Trading Down 2.6% – What’s Next?

Village Farms International, Inc. (NASDAQ:VFF) traded down 2.6% during trading on Thursday . The stock traded as low as $1.90 and last traded at $1.91. Approximately 1,220,739 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 1,031,459 shares. The stock had previously closed at $1.96.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VFF. Zacks Research cut shares of Village Farms International from a “hold” rating to a “strong sell” rating in a research note on Monday, March 16th. Weiss Ratings raised shares of Village Farms International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen cut shares of Village Farms International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Village Farms International Trading Down 2.6%

The firm has a market capitalization of $218.33 million, a price-to-earnings ratio of 5.46 and a beta of 1.27. The company has a fifty day moving average price of $2.56 and a two-hundred day moving average price of $3.07. The company has a current ratio of 3.06, a quick ratio of 2.03 and a debt-to-equity ratio of 0.12.

Village Farms International (NASDAQ:VFF) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Village Farms International had a return on equity of 8.84% and a net margin of 18.57%.The business had revenue of $50.24 million during the quarter, compared to analyst estimates of $47.81 million. As a group, research analysts forecast that Village Farms International, Inc. will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Village Farms International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC grew its holdings in Village Farms International by 38.0% in the 3rd quarter. Vermillion & White Wealth Management Group LLC now owns 21,778 shares of the company’s stock valued at $68,000 after buying an additional 6,000 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Village Farms International during the 4th quarter worth $27,000. Barclays PLC purchased a new position in shares of Village Farms International during the 4th quarter worth $29,000. Cetera Investment Advisers raised its holdings in shares of Village Farms International by 45.7% during the 4th quarter. Cetera Investment Advisers now owns 34,282 shares of the company’s stock worth $125,000 after acquiring an additional 10,755 shares during the period. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Village Farms International during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 12.15% of the company’s stock.

Village Farms International Company Profile

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.