Zelman & Associates Reaffirms Overweight Rating for Village Farms International (NASDAQ:VFF)

Village Farms International (NASDAQ:VFF - Get Free Report)'s stock had its "overweight" rating reissued by analysts at Zelman & Associates in a note issued to investors on Monday,Benzinga reports.

Several other brokerages have also recently weighed in on VFF. Wall Street Zen cut shares of Village Farms International from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Alliance Global Partners reaffirmed a "buy" rating on shares of Village Farms International in a report on Tuesday, May 13th.

Village Farms International Stock Up 0.9%

Shares of NASDAQ VFF traded up $0.01 on Monday, reaching $1.14. 735,732 shares of the company's stock traded hands, compared to its average volume of 535,964. The business's 50 day simple moving average is $0.85 and its two-hundred day simple moving average is $0.78. Village Farms International has a 12 month low of $0.45 and a 12 month high of $1.32. The company has a market cap of $128.06 million, a price-to-earnings ratio of -2.53 and a beta of 2.22. The company has a quick ratio of 1.09, a current ratio of 2.05 and a debt-to-equity ratio of 0.16.

Village Farms International (NASDAQ:VFF - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05). Village Farms International had a negative net margin of 15.16% and a negative return on equity of 8.26%. The firm had revenue of $77.07 million for the quarter, compared to analysts' expectations of $78.44 million. As a group, equities research analysts forecast that Village Farms International will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Village Farms International news, CFO Stephen C. Ruffini bought 25,000 shares of Village Farms International stock in a transaction dated Friday, May 30th. The shares were purchased at an average cost of $1.21 per share, for a total transaction of $30,250.00. Following the acquisition, the chief financial officer now directly owns 9,783,127 shares in the company, valued at approximately $11,837,583.67. This represents a 0.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 12.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Village Farms International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in shares of Village Farms International by 7.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,190,633 shares of the company's stock worth $918,000 after acquiring an additional 80,567 shares during the period. Raymond James Financial Inc. bought a new position in Village Farms International in the fourth quarter worth approximately $146,000. Two Sigma Advisers LP grew its stake in Village Farms International by 625.6% in the fourth quarter. Two Sigma Advisers LP now owns 193,000 shares of the company's stock worth $149,000 after purchasing an additional 166,400 shares in the last quarter. Lighthouse Financial LLC purchased a new position in Village Farms International during the 4th quarter worth $36,000. Finally, Tudor Investment Corp ET AL bought a new stake in Village Farms International during the 4th quarter valued at $146,000. 12.15% of the stock is owned by 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.