Village Farms International (NASDAQ:VFF) Stock Price Up 3.8% – Time to Buy?

Village Farms International, Inc. (NASDAQ:VFF)’s stock price shot up 3.8% during mid-day trading on Monday . The stock traded as high as $1.39 and last traded at $1.38. 621,963 shares were traded during trading, an increase of 10% from the average session volume of 564,526 shares. The stock had previously closed at $1.33.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Alliance Global Partners reiterated a “buy” rating on shares of Village Farms International in a report on Tuesday, May 13th. Zelman & Associates reaffirmed an “overweight” rating on shares of Village Farms International in a report on Monday, June 9th. Finally, Wall Street Zen lowered shares of Village Farms International from a “hold” rating to a “sell” rating in a research report on Saturday, June 28th.

Village Farms International Stock Performance

The firm has a market capitalization of $155.03 million, a price-to-earnings ratio of -3.83 and a beta of 2.18. The firm’s fifty day moving average is $1.16 and its 200 day moving average is $0.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 0.98.

Village Farms International (NASDAQ:VFF) last announced its earnings results on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) 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 company had revenue of $77.07 million for the quarter, compared to the consensus estimate of $78.44 million. On average, analysts predict that Village Farms International, Inc. will post -0.15 EPS for the current fiscal year.

Insider Activity at Village Farms International

In other news, CFO Stephen C. Ruffini acquired 25,000 shares of the stock in a transaction dated Friday, May 30th. The shares were bought at an average cost of $1.21 per share, for a total transaction of $30,250.00. Following the purchase, the chief financial officer directly owned 9,783,127 shares of the company’s stock, valued at approximately $11,837,583.67. This trade represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VFF. Renaissance Technologies LLC grew its stake in Village Farms International by 7.3% in the 4th 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. Raymond James Financial Inc. purchased a new stake in Village Farms International during the 4th quarter worth about $146,000. Two Sigma Advisers LP boosted its position 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 valued at $149,000 after acquiring an additional 166,400 shares during the last quarter. Lighthouse Financial LLC purchased a new position in shares of Village Farms International during the fourth quarter worth about $36,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Village Farms International during the 4th quarter valued at about $146,000. Institutional investors own 12.15% of the company’s stock.

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.