Village Farms International (NASDAQ:VFF) Hits New 1-Year High – Here’s Why

Village Farms International, Inc. (NASDAQ:VFF) reached a new 52-week high during trading on Wednesday . The company traded as high as $4.75 and last traded at $4.47, with a volume of 1178814 shares. The stock had previously closed at $4.14.

Analyst Upgrades and Downgrades

VFF has been the subject of several research analyst reports. Zacks Research raised shares of Village Farms International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Village Farms International in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Village Farms International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Village Farms International Price Performance

The stock has a 50 day moving average of $3.49 and a 200-day moving average of $2.53. The stock has a market capitalization of $470.17 million, a P/E ratio of 22.61 and a beta of 1.21. The company has a current ratio of 2.78, a quick ratio of 2.17 and a debt-to-equity ratio of 0.11.

Village Farms International (NASDAQ:VFF) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. The company had revenue of $66.74 million for the quarter, compared to the consensus estimate of $58.63 million. Village Farms International had a net margin of 7.47% and a return on equity of 1.98%. On average, equities research analysts anticipate that Village Farms International, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Orville Bovenschen sold 65,200 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $3.92, for a total transaction of $255,584.00. Following the completion of the sale, the insider owned 111,633 shares in the company, valued at approximately $437,601.36. This represents a 36.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carolyn Hauger sold 22,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $3.75, for a total value of $82,500.00. Following the sale, the director owned 29,020 shares in the company, valued at $108,825. The trade was a 43.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 148,786 shares of company stock worth $541,318. Insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Village Farms International

Hedge funds have recently made changes to their positions in the company. Traynor Capital Management Inc. acquired a new stake in shares of Village Farms International during the third quarter worth about $31,000. Rydar Equities Inc. purchased a new stake in Village Farms International during the second quarter worth $53,000. Stephens Inc. AR grew its position in shares of Village Farms International by 50.6% during the 2nd quarter. Stephens Inc. AR now owns 59,500 shares of the company’s stock valued at $65,000 after acquiring an additional 20,000 shares during the period. Vermillion & White Wealth Management Group LLC grew its holdings in Village Farms International by 38.0% in the third quarter. Vermillion & White Wealth Management Group LLC now owns 21,778 shares of the company’s stock valued at $68,000 after purchasing an additional 6,000 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in Village Farms International in the 3rd quarter worth $83,000. 12.15% of the stock is owned by institutional investors and hedge funds.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.