Village Farms International (NASDAQ:VFF) Stock Price Down 1% – Here’s What Happened

Village Farms International, Inc. (NASDAQ:VFF)’s share price was down 1% during trading on Monday . The stock traded as low as $2.88 and last traded at $2.88. Approximately 765,051 shares traded hands during trading, a decline of 36% from the average session volume of 1,192,319 shares. The stock had previously closed at $2.91.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Village Farms International in a research report on Friday, August 14th. Zacks Research raised Village Farms International from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Village Farms International has a consensus rating of “Hold”.

Village Farms International Trading Down 1.0%

The company has a current ratio of 3.17, a quick ratio of 2.25 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $2.19 and its 200-day moving average is $2.57. The firm has a market capitalization of $352.20 million, a P/E ratio of 16.94 and a beta of 1.31.

Village Farms International (NASDAQ:VFF) last posted its earnings results on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $63.98 million for the quarter, compared to analyst estimates of $56.30 million. Village Farms International had a net margin of 9.85% and a return on equity of 7.62%. As a group, sell-side analysts anticipate that Village Farms International, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Village Farms International

A number of institutional investors have recently made changes to their positions in VFF. Headlands Technologies LLC raised its stake in 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 last quarter. JB Capital Partners LP bought a new position in Village Farms International during the 2nd quarter valued at about $360,000. Bank of New York Mellon Corp bought a new stake in Village Farms International during the second quarter worth about $249,000. Key Client Fiduciary Advisors LLC increased its holdings in shares of Village Farms International by 116.6% during the second 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. Finally, Empowered Funds LLC acquired a new stake in shares of Village Farms International during the first quarter worth approximately $284,000. 12.15% of the stock is currently owned by institutional investors.

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.