Village Farms International (NASDAQ:VFF) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Village Farms International (NASDAQ:VFF) from a buy rating to a hold rating in a research note released on Sunday morning,Wall Street Zen reports.

VFF has been the topic of a number of other reports. Weiss Ratings raised Village Farms International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 12th. Zacks Research upgraded Village Farms International from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Village Farms International Price Performance

NASDAQ VFF opened at $2.59 on Friday. Village Farms International has a twelve month low of $1.80 and a twelve month high of $4.99. The business’s fifty day moving average is $2.80 and its 200 day moving average is $2.71.

Village Farms International (NASDAQ:VFF) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $63.98 million for the quarter, compared to the consensus estimate of $56.30 million. Equities research analysts forecast that Village Farms International will post 0.17 EPS for the current year.

Insider Activity

In other Village Farms International news, Director Christopher C. Woodward purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was purchased at an average price of $3.06 per share, with a total value of $30,600.00. Following the completion of the purchase, the director owned 171,526 shares of the company’s stock, valued at approximately $524,869.56. The trade was a 6.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 13.20% of the company’s stock.

Institutional Trading of Village Farms International

Several institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in Village Farms International in the fourth quarter valued at $27,000. Oppenheimer & Co. Inc. acquired a new position in Village Farms International during the 3rd quarter worth about $44,000. Hsbc Holdings PLC bought a new stake in shares of Village Farms International in the 1st quarter valued at about $48,000. Cetera Investment Advisers grew its position in shares of Village Farms International by 37.9% in the 1st quarter. Cetera Investment Advisers now owns 47,282 shares of the company’s stock valued at $134,000 after buying an additional 13,000 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in shares of Village Farms International by 247.4% in the 2nd quarter. Headlands Technologies LLC now owns 85,054 shares of the company’s stock valued at $170,000 after buying an additional 60,574 shares during the last quarter. Institutional investors own 12.15% of the company’s stock.

About Village Farms International

Village Farms International, Inc (NASDAQ:VFF) is an agriculture company that grows, markets and distributes fresh produce and cannabis. Its produce business focuses on greenhouse-grown tomatoes, cucumbers and peppers, including conventional and organic offerings sold under the Village Farms brand and through retail and foodservice channels.

The company operates greenhouse and distribution facilities in the United States, Canada and Mexico, serving grocery retailers, wholesalers and foodservice customers across North America.