Village Farms International (NASDAQ:VFF) shares traded down 7.6% on Wednesday . The stock traded as low as $7.57 and last traded at $7.06, 37,859 shares were traded during mid-day trading. A decline of 96% from the average session volume of 1,033,498 shares. The stock had previously closed at $7.64.
Several equities research analysts have recently weighed in on the stock. Alliance Global Partners assumed coverage on shares of Village Farms International in a report on Thursday, September 19th. They issued a “buy” rating on the stock. Craig Hallum assumed coverage on shares of Village Farms International in a report on Tuesday, July 23rd. They issued a “buy” rating on the stock. Roth Capital set a $29.00 target price on shares of Village Farms International and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Zacks Investment Research lowered shares of Village Farms International from a “strong-buy” rating to a “hold” rating in a report on Saturday, October 26th.
The business’s fifty day simple moving average is $8.05 and its 200 day simple moving average is $10.46. The stock has a market cap of $400.33 million and a P/E ratio of -57.45.
Large investors have recently modified their holdings of the business. Morgan Stanley grew its holdings in Village Farms International by 77.3% during the 2nd quarter. Morgan Stanley now owns 860,694 shares of the company’s stock worth $9,846,000 after acquiring an additional 375,161 shares during the last quarter. Toronto Dominion Bank grew its holdings in Village Farms International by 32,788.0% during the 2nd quarter. Toronto Dominion Bank now owns 8,222 shares of the company’s stock worth $94,000 after acquiring an additional 8,197 shares during the last quarter. CWM LLC bought a new stake in Village Farms International during the 2nd quarter worth about $50,000. Essex Investment Management Co. LLC bought a new stake in Village Farms International during the 3rd quarter worth about $323,000. Finally, Van ECK Associates Corp bought a new stake in Village Farms International during the 2nd quarter worth about $42,000. 8.81% of the stock is currently owned by hedge funds and other institutional investors.
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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