Village Farms International (NASDAQ:VFF) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Village Farms International (NASDAQ:VFF) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Village Farms International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Village Farms International presently has an average rating of “Hold”.

Village Farms International Stock Performance

VFF stock traded down $0.12 on Friday, reaching $2.42. The company’s stock had a trading volume of 1,105,011 shares, compared to its average volume of 988,926. Village Farms International has a 52 week low of $1.80 and a 52 week high of $4.99. The company has a market capitalization of $296.01 million, a P/E ratio of 14.24 and a beta of 1.45. The firm has a fifty day moving average of $2.77 and a two-hundred day moving average of $2.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.21 and a quick ratio of 2.25.

Village Farms International (NASDAQ:VFF) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Village Farms International had a return on equity of 7.28% and a net margin of 9.73%. The company had revenue of $66.90 million for the quarter, compared to analyst estimates of $64.38 million. As a group, analysts predict that Village Farms International will post 0.19 EPS for the current fiscal year.

Insider Activity at Village Farms International

In other news, Director Christopher C. Woodward acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were bought at an average price of $3.06 per share, with a total value of $30,600.00. Following the purchase, the director owned 171,526 shares of the company’s stock, valued at approximately $524,869.56. This represents a 6.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VFF. Oppenheimer & Co. Inc. bought a new stake in Village Farms International in the third quarter worth about $44,000. Hsbc Holdings PLC acquired a new stake in Village Farms International in the 1st quarter valued at about $48,000. StoneX Group Inc. bought a new position in shares of Village Farms International during the 3rd quarter valued at about $81,000. R Squared Ltd boosted its position in shares of Village Farms International by 83.1% during the 3rd quarter. R Squared Ltd now owns 27,918 shares of the company’s stock valued at $81,000 after purchasing an additional 12,671 shares in the last quarter. Finally, D Orazio & Associates Inc. bought a new position in shares of Village Farms International during the 3rd quarter valued at about $137,000. Institutional investors own 12.15% of the company’s stock.

About Village Farms International

Village Farms International is a North American greenhouse grower and cannabis company headquartered in Delta, British Columbia. Founded in 1989, the company began as a producer of greenhouse vegetables and has expanded into regulated cannabis markets. Its produce business grows and markets greenhouse tomatoes, cucumbers, peppers and other fresh products, primarily for retailers and food-service customers across North America. The company operates greenhouse facilities in Canada and the United States and sells produce under brands that include Village Farms.