Wall Street Zen Downgrades Village Farms International (NASDAQ:VFF) to Buy

Village Farms International (NASDAQ:VFF) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

VFF has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Village Farms International in a research report on Tuesday, January 27th. Zacks Research downgraded Village Farms International from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Village Farms International Price Performance

Shares of VFF opened at $3.58 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.17 and a current ratio of 2.78. Village Farms International has a fifty-two week low of $0.45 and a fifty-two week high of $4.99. The firm has a 50-day simple moving average of $3.44 and a 200-day simple moving average of $3.29. The company has a market capitalization of $413.56 million, a price-to-earnings ratio of 19.89 and a beta of 1.29.

Insider Buying and Selling

In other Village Farms International news, insider Orville Bovenschen sold 61,586 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $3.30, for a total transaction of $203,233.80. Following the transaction, the insider directly owned 50,000 shares in the company, valued at approximately $165,000. This represents a 55.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Village Farms International

Several hedge funds have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC raised its holdings in Village Farms International by 38.0% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 21,778 shares of the company’s stock worth $68,000 after purchasing an additional 6,000 shares during the last quarter. Barclays PLC purchased a new position in shares of Village Farms International in the fourth quarter valued at $29,000. Traynor Capital Management Inc. acquired a new position in shares of Village Farms International during the 3rd quarter worth $31,000. Cetera Investment Advisers boosted its position in shares of Village Farms International by 45.7% in the 4th quarter. Cetera Investment Advisers now owns 34,282 shares of the company’s stock worth $125,000 after buying an additional 10,755 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Village Farms International in the 4th quarter worth about $40,000. 12.15% of the stock is owned by hedge funds and other institutional investors.

About Village Farms International

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.