Village Farms International (NASDAQ:VFF) Trading Down 7.6%

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.

Village Farms International (NASDAQ:VFF) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). The business had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $44.40 million. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, sell-side analysts predict that Village Farms International will post 0.51 EPS for the current year.

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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