Village Farms International (NASDAQ:VFF) Stock Price Down 6.1%

Village Farms International (NASDAQ:VFF) shares fell 6.1% during mid-day trading on Tuesday . The stock traded as low as $6.10 and last traded at $6.12, 712,038 shares changed hands during trading. A decline of 31% from the average session volume of 1,038,044 shares. The stock had previously closed at $6.52.

Several research firms recently issued reports on VFF. Roth Capital set a $29.00 price target on Village Farms International and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Alliance Global Partners began coverage on Village Farms International in a research report on Thursday, September 19th. They set a “buy” rating on the stock. Craig Hallum restated a “buy” rating and set a $20.00 price target (down from $30.00) on shares of Village Farms International in a research report on Monday, November 18th. Raymond James set a $11.00 price target on Village Farms International and gave the stock an “outperform” rating in a research report on Thursday, November 28th. Finally, Zacks Investment Research lowered Village Farms International from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.94.

The firm has a 50-day moving average of $7.25 and a 200-day moving average of $9.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 2.10. The firm has a market capitalization of $334.57 million and a P/E ratio of -55.64.

Village Farms International (NASDAQ:VFF) last posted its quarterly earnings results on Thursday, November 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.23). Village Farms International had a return on equity of 10.76% and a net margin of 8.47%. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $44.40 million. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. Equities analysts anticipate that Village Farms International will post 0.19 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFF. Morgan Stanley lifted its holdings in Village Farms International by 77.3% in the 2nd quarter. Morgan Stanley now owns 860,694 shares of the company’s stock worth $9,846,000 after buying an additional 375,161 shares during the period. Allianz Asset Management GmbH purchased a new stake in Village Farms International in the 2nd quarter worth approximately $964,000. Swiss National Bank purchased a new stake in Village Farms International in the 2nd quarter worth approximately $843,000. Requisite Capital Management LLC purchased a new stake in Village Farms International in the 3rd quarter worth approximately $453,000. Finally, A.R.T. Advisors LLC purchased a new stake in Village Farms International in the 2nd quarter worth approximately $572,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

About Village Farms International (NASDAQ:VFF)

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.

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