Village Farms International (NASDAQ:VFF) Shares Down 2.6% – Here’s What Happened

Village Farms International, Inc. (NASDAQ:VFF) shares fell 2.6% during mid-day trading on Thursday . The company traded as low as $1.90 and last traded at $1.91. Approximately 1,220,739 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 1,031,459 shares. The stock had previously closed at $1.96.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Village Farms International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded shares of Village Farms International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Finally, Zacks Research cut shares of Village Farms International from a “hold” rating to a “strong sell” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Village Farms International Stock Performance

The business has a 50-day simple moving average of $2.54 and a 200 day simple moving average of $3.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.06 and a quick ratio of 2.03. The firm has a market cap of $218.33 million, a PE ratio of 5.46 and a beta of 1.27.

Village Farms International (NASDAQ:VFF) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $50.24 million for the quarter, compared to analysts’ expectations of $47.81 million. Village Farms International had a return on equity of 8.84% and a net margin of 18.57%. Equities research analysts forecast that Village Farms International, Inc. will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Village Farms International

Several large investors have recently made changes to their positions in the business. Tidal Investments LLC grew its position in shares of Village Farms International by 3.3% during the second quarter. Tidal Investments LLC now owns 2,778,410 shares of the company’s stock worth $3,056,000 after purchasing an additional 87,726 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Village Farms International by 187.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,724,648 shares of the company’s stock worth $5,398,000 after purchasing an additional 1,124,085 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Village Farms International by 3.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,318,066 shares of the company’s stock worth $3,743,000 after purchasing an additional 49,500 shares during the period. Millennium Management LLC boosted its stake in Village Farms International by 2,050.2% in the 3rd quarter. Millennium Management LLC now owns 1,005,263 shares of the company’s stock worth $3,146,000 after purchasing an additional 958,511 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Village Farms International by 5.1% during the 1st 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 in the last quarter. 12.15% of the stock is currently owned by hedge funds and other institutional investors.

About Village Farms International

Village Farms International, Inc is a North American agricultural company specializing in greenhouse cultivation of fresh produce and cannabis. Through its wholly owned operations, the company grows a variety of high-quality vegetables, including tomatoes, cucumbers and sweet peppers, using controlled-environment agriculture techniques designed to maximize yield and sustainability. Village Farms leverages advanced climate and hydroponic systems to deliver consistent year-round supply to major grocery retailers across the United States and Canada.

In its produce segment, Village Farms operates large-scale greenhouse facilities in Texas and Canada.