Village Farms International (VFF) Shares Up 14.2%

Village Farms International Inc (TSE:VFF) shot up 14.2% during mid-day trading on Friday . The stock traded as high as C$16.85 and last traded at C$16.85. 579,180 shares traded hands during trading, a decline of 71% from the average session volume of 1,966,669 shares. The stock had previously closed at C$14.76.

Several research firms recently issued reports on VFF. GMP Securities reissued an “average” rating and set a C$17.00 price target on shares of Village Farms International in a research report on Tuesday, March 5th. Beacon Securities increased their target price on Village Farms International from C$32.00 to C$60.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd.

The company has a debt-to-equity ratio of 37.78, a current ratio of 2.63 and a quick ratio of 1.46. The stock has a market capitalization of $773.51 million and a price-to-earnings ratio of -153.18.

Village Farms International (TSE:VFF) last issued its earnings results on Wednesday, March 13th. The company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.02). The business had revenue of C$51.27 million during the quarter, compared to analysts’ expectations of C$48.65 million. As a group, research analysts predict that Village Farms International Inc will post 0.780000009873418 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Horrell Capital Management Inc. acquired a new stake in Village Farms International in the first quarter worth $28,000. Riggs Asset Managment Co. Inc. acquired a new stake in Village Farms International in the first quarter worth $69,000. Advisor Group Inc. acquired a new stake in Village Farms International in the first quarter worth $72,000. Cowen Prime Services LLC acquired a new stake in Village Farms International in the first quarter worth $97,000. Finally, Perkins Capital Management Inc. acquired a new stake in Village Farms International in the first quarter worth $168,000.

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About Village Farms International (TSE: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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