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

Village Farms International (NASDAQ:VFF - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

VFF has been the subject of a number of other research reports. Zelman & Associates reissued an "overweight" rating on shares of Village Farms International in a report on Monday, June 9th. Alliance Global Partners reissued a "buy" rating on shares of Village Farms International in a research note on Tuesday, May 13th.

Village Farms International Price Performance

Shares of Village Farms International stock traded up $0.04 on Friday, reaching $1.14. 475,535 shares of the stock were exchanged, compared to its average volume of 540,709. The firm's 50 day moving average is $1.00 and its 200-day moving average is $0.81. The firm has a market cap of $128.07 million, a PE ratio of -3.17 and a beta of 2.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 1.92. Village Farms International has a one year low of $0.45 and a one year high of $1.32.

Village Farms International (NASDAQ:VFF - Get Free Report) last issued its quarterly earnings results 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). Village Farms International had a negative net margin of 11.85% and a negative return on equity of 10.55%. The business had revenue of $77.07 million during the quarter, compared to the consensus estimate of $78.44 million. As a group, analysts anticipate that Village Farms International will post -0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Stephen C. Ruffini bought 25,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was purchased at an average cost of $1.21 per share, for a total transaction of $30,250.00. Following the completion of the transaction, the chief financial officer owned 9,783,127 shares of the company's stock, valued at $11,837,583.67. This trade represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 12.60% of the stock is owned by corporate insiders.

Institutional Trading of Village Farms International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Perkins Capital Management Inc. boosted its position in Village Farms International by 21.1% during the 1st quarter. Perkins Capital Management Inc. now owns 1,318,500 shares of the company's stock worth $798,000 after buying an additional 230,000 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Village Farms International during the fourth quarter worth $146,000. Raymond James Financial Inc. acquired a new position in shares of Village Farms International during the fourth quarter worth $146,000. Two Sigma Advisers LP grew its stake in shares of 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 during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Village Farms International by 7.3% in 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 during the period. 12.15% of the stock is currently 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.