Village Farms International (NASDAQ:VFF) Trading 3.8% Higher - Here's What Happened

Village Farms International, Inc. (NASDAQ:VFF - Get Free Report)'s share price traded up 3.8% during mid-day trading on Monday . The stock traded as high as $1.39 and last traded at $1.38. 621,963 shares were traded during trading, an increase of 10% from the average session volume of 564,526 shares. The stock had previously closed at $1.33.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zelman & Associates reiterated an "overweight" rating on shares of Village Farms International in a research report on Monday, June 9th. Alliance Global Partners restated a "buy" rating on shares of Village Farms International in a research report on Tuesday, May 13th. Finally, Wall Street Zen cut shares of Village Farms International from a "hold" rating to a "sell" rating in a research report on Saturday, June 28th.

Village Farms International Price Performance

The firm's 50-day moving average is $1.21 and its two-hundred day moving average is $0.87. The company has a market cap of $170.76 million, a P/E ratio of -4.22 and a beta of 2.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 0.98.

Village Farms International (NASDAQ:VFF - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Village Farms International had a negative return on equity of 10.55% and a negative net margin of 11.85%. The business had revenue of $77.07 million during the quarter, compared to the consensus estimate of $78.44 million. Analysts anticipate that Village Farms International, Inc. will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Stephen C. Ruffini acquired 25,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were acquired at an average price of $1.21 per share, for a total transaction of $30,250.00. Following the completion of the transaction, the chief financial officer directly owned 9,783,127 shares of the company's stock, valued at approximately $11,837,583.67. The trade was a 0.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lighthouse Financial LLC bought a new position in Village Farms International during the 4th quarter worth about $36,000. Raymond James Financial Inc. bought a new position in Village Farms International in the fourth quarter worth approximately $146,000. Tudor Investment Corp ET AL purchased a new stake in shares of Village Farms International during the fourth quarter valued at about $146,000. Two Sigma Advisers LP lifted its position in shares of 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 buying an additional 166,400 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 buying an additional 35,913 shares during the last quarter. 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.