Village Farms International (NASDAQ:VFF) Rating Lowered to Sell at Wall Street Zen

Village Farms International (NASDAQ:VFF - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Thursday.

Separately, Alliance Global Partners reissued a "buy" rating on shares of Village Farms International in a research report on Tuesday, May 13th.

Village Farms International Price Performance

Shares of VFF traded down $0.02 during mid-day trading on Thursday, hitting $1.23. The company's stock had a trading volume of 793,670 shares, compared to its average volume of 499,101. The firm has a 50-day moving average price of $0.71 and a 200 day moving average price of $0.74. The stock has a market capitalization of $137.61 million, a price-to-earnings ratio of -2.72 and a beta of 2.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.05 and a quick ratio of 1.09. Village Farms International has a fifty-two week low of $0.45 and a fifty-two week high of $1.32.

Village Farms International (NASDAQ:VFF - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The business had revenue of $77.07 million during the quarter, compared to analyst estimates of $78.44 million. Village Farms International had a negative return on equity of 8.26% and a negative net margin of 15.16%. On average, research analysts predict that Village Farms International will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VFF. AdvisorShares Investments LLC boosted its holdings in shares of Village Farms International by 0.6% during the fourth quarter. AdvisorShares Investments LLC now owns 3,342,808 shares of the company's stock worth $2,577,000 after purchasing an additional 19,410 shares during the period. Perkins Capital Management Inc. grew its position in Village Farms International by 21.1% during the first quarter. Perkins Capital Management Inc. now owns 1,318,500 shares of the company's stock valued at $798,000 after purchasing an additional 230,000 shares in the last quarter. Renaissance Technologies LLC grew its position 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 valued at $918,000 after purchasing an additional 80,567 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Village Farms International by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 737,574 shares of the company's stock valued at $446,000 after purchasing an additional 35,913 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position 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 valued at $149,000 after purchasing an additional 166,400 shares in the last quarter. 12.15% of the stock is owned by hedge funds and other 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.