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

Key Points

• Village Farms shares fell 1% to $2.88 in midday trading, with volume down 36% from the average session. The company has a market capitalization of approximately $352.2 million.
• Analysts maintain a consensus “Hold” rating; Zacks Research upgraded the stock from “Strong Sell” to “Hold.”
• The company exceeded quarterly expectations, reporting EPS of $0.06 versus the $0.02 estimate and revenue of $63.98 million compared with the $56.30 million consensus forecast.

Village Farms International, Inc. (NASDAQ:VFF - Get Free Report) shares were down 1% on Monday . The company traded as low as $2.88 and last traded at $2.88. Approximately 765,051 shares were traded during mid-day trading, a decline of 36% from the average session volume of 1,192,319 shares. The stock had previously closed at $2.91.

Analysts Set New Price Targets

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

A number of analysts have commented on the stock. Zacks Research raised shares of Village Farms International from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Weiss Ratings restated a "hold (c)" rating on shares of Village Farms International in a report on Friday, August 14th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".

Village Farms International Stock Down 1.0%

The firm has a market cap of $352.20 million, a PE ratio of 16.94 and a beta of 1.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.17 and a quick ratio of 2.25. The business has a fifty day moving average price of $2.19 and a two-hundred day moving average price of $2.57.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in Village Farms International in the fourth quarter worth approximately $27,000. Barclays PLC bought a new stake in Village Farms International in the fourth quarter worth approximately $29,000. Cetera Investment Advisers grew its position in Village Farms International by 45.7% in the fourth quarter. Cetera Investment Advisers now owns 34,282 shares of the company's stock worth $125,000 after acquiring an additional 10,755 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Village Farms International during the 4th quarter worth $40,000. Finally, Mariner LLC acquired a new position in shares of Village Farms International during the 4th quarter worth $44,000. 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.

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