Village Farms International (NASDAQ:VFF) Stock Price Up 1.2% - Still a Buy?

Key Points

• Village Farms International shares increased by 1.2%, trading at around $3.31 after reaching a high of $3.54, with a trading volume significantly higher than average.
• Analysts have recently upgraded the stock's rating, with Zacks Research moving it to "strong-buy" and Wall Street Zen to "buy," reflecting a consensus rating of "buy".
• The company reported a quarterly earnings per share (EPS) of $0.10, surpassing expectations and generating $59.90 million in revenue, which also exceeded forecasts.

Village Farms International, Inc. (NASDAQ:VFF - Get Free Report) shares rose 1.2% on Tuesday . The stock traded as high as $3.54 and last traded at $3.31. Approximately 3,598,431 shares traded hands during trading, an increase of 52% from the average daily volume of 2,365,810 shares. The stock had previously closed at $3.27.

Wall Street Analysts Forecast Growth

VFF has been the subject of several research reports. Zacks Research raised shares of Village Farms International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Wall Street Zen raised Village Farms International from a "sell" rating to a "buy" rating in a research note on Sunday, August 17th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Village Farms International in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Village Farms International Trading Up 1.2%

The firm has a market cap of $372.84 million, a PE ratio of 36.78 and a beta of 2.24. The company has a quick ratio of 1.89, a current ratio of 2.65 and a debt-to-equity ratio of 0.11. The company's 50 day moving average price is $2.61 and its two-hundred day moving average price is $1.54.

Village Farms International (NASDAQ:VFF - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.12. Village Farms International had a net margin of 3.42% and a negative return on equity of 2.24%. The company had revenue of $59.90 million for the quarter, compared to the consensus estimate of $48.86 million. As a group, sell-side analysts forecast that Village Farms International, Inc. will post -0.15 EPS for the current year.

Institutional Trading of Village Farms International

A number of hedge funds and other institutional investors have recently bought and sold shares of VFF. iA Global Asset Management Inc. purchased a new stake in Village Farms International in the second quarter worth $440,000. Perkins Capital Management Inc. grew its holdings in shares of Village Farms International by 21.1% in the first quarter. Perkins Capital Management Inc. now owns 1,318,500 shares of the company's stock worth $798,000 after purchasing an additional 230,000 shares during the last quarter. Tidal Investments LLC boosted its position in Village Farms International by 3.3% in the 2nd quarter. Tidal Investments LLC now owns 2,778,410 shares of the company's stock valued at $3,056,000 after buying an additional 87,726 shares during the period. Hilton Capital Management LLC bought a new stake in shares of Village Farms International during the second quarter valued at approximately $94,000. Finally, Rydar Equities Inc. bought a new stake in shares of Village Farms International during the second quarter valued at approximately $53,000. Hedge funds and other institutional investors own 12.15% of the company's stock.

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.

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