Village Farms International (NASDAQ:VFF) Stock Price Down 2.2% – What’s Next?

Village Farms International, Inc. (NASDAQ:VFF)’s share price traded down 2.2% on Monday . The company traded as low as $2.66 and last traded at $2.67. 518,759 shares changed hands during trading, a decline of 51% from the average session volume of 1,055,296 shares. The stock had previously closed at $2.73.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen cut Village Farms International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Village Farms International in a research report on Tuesday, January 27th. Finally, Zacks Research cut Village Farms International from a “hold” rating to a “strong sell” rating in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Village Farms International currently has a consensus rating of “Hold”.

Village Farms International Trading Down 2.2%

The company has a current ratio of 2.64, a quick ratio of 1.93 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $307.32 million, a price-to-earnings ratio of 9.89 and a beta of 1.36. The firm has a 50-day moving average of $3.06 and a 200 day moving average of $3.33.

Village Farms International (NASDAQ:VFF) last posted its earnings results on Thursday, March 12th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). Village Farms International had a net margin of 12.81% and a return on equity of 5.79%. The business had revenue of $49.62 million during the quarter, compared to analyst estimates of $60.32 million. As a group, equities analysts predict that Village Farms International, Inc. will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Village Farms International

Hedge funds have recently modified their holdings of the company. AdvisorShares Investments LLC increased its position in shares of Village Farms International by 77.0% during the 3rd quarter. AdvisorShares Investments LLC now owns 5,963,842 shares of the company’s stock valued at $18,667,000 after purchasing an additional 2,595,154 shares during the period. Traynor Capital Management Inc. acquired a new position in shares of Village Farms International during the 3rd quarter valued at $31,000. Concurrent Investment Advisors LLC increased its position in shares of Village Farms International by 100.8% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 85,133 shares of the company’s stock valued at $266,000 after purchasing an additional 42,739 shares during the period. Brian Low Financial Group LLC acquired a new position in shares of Village Farms International during the 3rd quarter valued at $144,000. Finally, Rydar Equities Inc. acquired a new position in shares of Village Farms International during the 2nd quarter valued at $53,000. 12.15% of the stock is currently owned by institutional investors and hedge funds.

Village Farms International Company Profile

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.