Village Farms International (NASDAQ:VFF) Shares Break Below Two Hundred Day Moving Average - Here's Why

Key Points

• Village Farms shares fell below their 200-day moving average, trading as low as $2.52 versus the $2.66 average and last at $2.54.
• Analysts have a consensus Hold rating; Weiss Ratings and Wall Street Zen both recently lowered their assessments to Hold.
• The company beat quarterly estimates, reporting EPS of $0.08 versus $0.05 expected and revenue of $66.9 million versus $64.38 million expected.

Village Farms International, Inc. (NASDAQ:VFF - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $2.66 and traded as low as $2.52. Village Farms International shares last traded at $2.54, with a volume of 1,345,170 shares.

Analysts Set New Price Targets

• Village Farms International NASDAQ: VFF Stock is a Unique Cannabis ESG Play

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded Village Farms International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, October 27th. Wall Street Zen lowered Village Farms International from a "buy" rating to a "hold" rating in a research note on Sunday, October 25th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Village Farms International presently has a consensus rating of "Hold".

Village Farms International Stock Down 5.6%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.25 and a current ratio of 3.21. The stock's fifty day simple moving average is $2.78 and its two-hundred day simple moving average is $2.66. The company has a market capitalization of $310.69 million, a price-to-earnings ratio of 14.94 and a beta of 1.45.

Village Farms International (NASDAQ:VFF - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Village Farms International had a net margin of 9.73% and a return on equity of 7.28%. The company had revenue of $66.90 million for the quarter, compared to analysts' expectations of $64.38 million. On average, sell-side analysts anticipate that Village Farms International, Inc. will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other Village Farms International news, Director Christopher C. Woodward purchased 10,000 shares of the firm's stock in a transaction on Tuesday, September 22nd. The shares were purchased at an average price of $3.06 per share, for a total transaction of $30,600.00. Following the completion of the transaction, the director owned 171,526 shares in the company, valued at $524,869.56. This represents a 6.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VFF. Key Client Fiduciary Advisors LLC boosted its stake in shares of Village Farms International by 116.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 1,334,631 shares of the company's stock worth $2,663,000 after acquiring an additional 718,382 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Village Farms International by 1,028.9% during the third quarter. Ritholtz Wealth Management now owns 457,374 shares of the company's stock valued at $1,331,000 after purchasing an additional 416,858 shares during the last quarter. JB Capital Partners LP purchased a new stake in shares of Village Farms International during the second quarter valued at $360,000. Bank of New York Mellon Corp acquired a new position in shares of Village Farms International in the 2nd quarter valued at $249,000. Finally, Empowered Funds LLC acquired a new position in shares of Village Farms International in the 1st quarter valued at $284,000. Institutional investors own 12.15% of the company's stock.

Village Farms International Company Profile

Village Farms International is a North American greenhouse grower and cannabis company headquartered in Delta, British Columbia. Founded in 1989, the company began as a producer of greenhouse vegetables and has expanded into regulated cannabis markets. Its produce business grows and markets greenhouse tomatoes, cucumbers, peppers and other fresh products, primarily for retailers and food-service customers across North America. The company operates greenhouse facilities in Canada and the United States and sells produce under brands that include Village Farms.

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