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

Key Points

• Village Farms shares moved above their 200-day moving average of $2.69, reaching $2.95 before last trading at $2.85; the article reported a 9.2% rise.
• The company’s latest reported quarter beat expectations, with EPS of $0.06 versus a $0.02 consensus and revenue of $63.98 million versus $56.30 million expected. Analysts’ average rating is Hold.
• Director Christopher C. Woodward bought 10,000 shares at an average price of $3.06, increasing his ownership by 6.19%.

Village Farms International, Inc. (NASDAQ:VFF - Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $2.69 and traded as high as $2.95. Village Farms International shares last traded at $2.85, with a volume of 1,363,019 shares trading hands.

Wall Street Analyst Weigh In

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

VFF has been the subject of a number of analyst reports. Weiss Ratings downgraded Village Farms International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, October 27th. Zacks Research raised Village Farms International from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Wall Street Zen lowered Village Farms International from a "buy" rating to a "hold" rating in a report on Sunday, October 25th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of "Hold".

Village Farms International Trading Up 9.2%

The firm has a market capitalization of $348.53 million, a PE ratio of 16.77 and a beta of 1.45. The firm's fifty day moving average is $2.80 and its two-hundred day moving average is $2.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.17 and a quick ratio of 2.25.

Village Farms International (NASDAQ:VFF - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $63.98 million during the quarter, compared to the consensus estimate of $56.30 million. Village Farms International had a net margin of 9.85% and a return on equity of 7.62%. On average, equities analysts predict that Village Farms International, Inc. will post 0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Village Farms International news, Director Christopher C. Woodward acquired 10,000 shares of Village Farms International stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average price of $3.06 per share, for a total transaction of $30,600.00. Following the purchase, the director directly owned 171,526 shares of the company's stock, valued at $524,869.56. This trade represents a 6.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 13.20% of the company's stock.

Institutional Investors Weigh In On Village Farms International

A number of hedge funds have recently made changes to their positions in VFF. Key Client Fiduciary Advisors LLC lifted its stake in Village Farms International by 116.6% in the second quarter. Key Client Fiduciary Advisors LLC now owns 1,334,631 shares of the company's stock valued at $2,663,000 after purchasing an additional 718,382 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Village Farms International by 3.9% during the first quarter. Renaissance Technologies LLC now owns 1,318,066 shares of the company's stock valued at $3,743,000 after purchasing an additional 49,500 shares during the period. JB Capital Partners LP bought a new position in Village Farms International during the second quarter valued at $360,000. State of Wyoming grew its holdings in Village Farms International by 17.4% during the first quarter. State of Wyoming now owns 171,807 shares of the company's stock valued at $488,000 after purchasing an additional 25,524 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Village Farms International in the second quarter worth $249,000. 12.15% of the stock is currently owned by institutional investors.

About Village Farms International

Village Farms International, Inc NASDAQ: VFF is an agriculture company that grows, markets and distributes fresh produce and cannabis. Its produce business focuses on greenhouse-grown tomatoes, cucumbers and peppers, including conventional and organic offerings sold under the Village Farms brand and through retail and foodservice channels.

The company operates greenhouse and distribution facilities in the United States, Canada and Mexico, serving grocery retailers, wholesalers and foodservice customers across North America.

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