Wall Street Zen Downgrades Village Farms International (NASDAQ:VFF) to Sell

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.

A number of other equities research analysts have also issued reports on the company. Zelman & Associates reissued an "overweight" rating on shares of Village Farms International in a research note on Monday, June 9th. Alliance Global Partners reiterated a "buy" rating on shares of Village Farms International in a research note on Tuesday, May 13th.

Village Farms International Price Performance

Village Farms International stock opened at $1.07 on Friday. Village Farms International has a 12-month low of $0.45 and a 12-month high of $1.32. The company has a current ratio of 1.92, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $0.98 and a 200-day moving average price of $0.80. The firm has a market capitalization of $120.20 million, a PE ratio of -2.97 and a beta of 2.22.

Village Farms International (NASDAQ:VFF - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $77.07 million during 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 year.

Insider Buying and Selling at Village Farms International

In other news, CFO Stephen C. Ruffini purchased 25,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were acquired at an average price of $1.21 per share, with a total value of $30,250.00. Following the transaction, the chief financial officer now owns 9,783,127 shares of the company's stock, valued at $11,837,583.67. This represents a 0.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Village Farms International

A number of hedge funds have recently made changes to their positions in the stock. 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. Perkins Capital Management Inc. grew its position in shares of Village Farms International by 21.1% in 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 last quarter. Lighthouse Financial LLC bought a new position in shares of Village Farms International during the 4th quarter worth approximately $36,000. Two Sigma Advisers LP raised its stake in shares of Village Farms International by 625.6% during the 4th quarter. Two Sigma Advisers LP now owns 193,000 shares of the company's stock worth $149,000 after acquiring an additional 166,400 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its position in Village Farms International by 0.6% during the fourth quarter. AdvisorShares Investments LLC now owns 3,342,808 shares of the company's stock valued at $2,577,000 after acquiring an additional 19,410 shares during the last quarter. 12.15% of the stock is currently owned by hedge funds and other institutional investors.

Village Farms International Company Profile

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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