Village Farms International (NASDAQ:VFF) Upgraded by Wall Street Zen to “Buy” Rating

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

Several other equities analysts have also issued reports on the company. Alliance Global Partners reiterated a “buy” rating on shares of Village Farms International in a research report on Tuesday, May 13th. Zelman & Associates reiterated an “overweight” rating on shares of Village Farms International in a research note on Monday, June 9th.

Village Farms International Stock Down 8.9%

Shares of VFF stock opened at $2.57 on Friday. Village Farms International has a one year low of $0.45 and a one year high of $2.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.65 and a quick ratio of 0.98. The stock has a fifty day moving average price of $1.42 and a 200 day moving average price of $0.99. The stock has a market cap of $289.48 million, a P/E ratio of 28.56 and a beta of 2.14.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings results on Monday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.12. Village Farms International had a negative return on equity of 2.24% and a net margin of 3.42%. The business had revenue of $59.90 million during the quarter, compared to analysts’ expectations of $48.86 million. Analysts predict that Village Farms International will post -0.15 earnings per share for the current year.

Insider Activity

In other Village Farms International news, CFO Stephen C. Ruffini acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average cost of $1.21 per share, for a total transaction of $30,250.00. Following the transaction, the chief financial officer directly owned 9,783,127 shares in the company, valued at $11,837,583.67. This represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Village Farms International

Several large investors have recently bought and sold shares of the company. Perkins Capital Management Inc. grew its stake in Village Farms International by 21.1% in the first quarter. Perkins Capital Management Inc. now owns 1,318,500 shares of the company’s stock valued at $798,000 after acquiring an additional 230,000 shares during the period. Renaissance Technologies LLC lifted its holdings in Village Farms International by 7.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,190,633 shares of the company’s stock worth $918,000 after acquiring an additional 80,567 shares during the period. Raymond James Financial Inc. bought a new stake in Village Farms International during the fourth quarter worth $146,000. Two Sigma Advisers LP lifted its holdings in Village Farms International by 625.6% during the fourth quarter. Two Sigma Advisers LP now owns 193,000 shares of the company’s stock worth $149,000 after acquiring an additional 166,400 shares during the period. Finally, Lighthouse Financial LLC bought a new stake in shares of Village Farms International in the fourth quarter valued at $36,000. 12.15% of the stock is currently owned by institutional investors.

About Village Farms International

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.