Farmmi (NASDAQ:FAMI) Trading Up 1.2%

Farmmi, Inc. (NASDAQ:FAMI) shares shot up 1.2% during mid-day trading on Thursday . The stock traded as high as $0.83 and last traded at $0.82. 20,566 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 316,657 shares. The stock had previously closed at $0.81.

Farmmi Stock Up 1.2 %

The company has a 50-day simple moving average of $0.98 and a 200-day simple moving average of $1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 14.76 and a quick ratio of 14.40.

Hedge Funds Weigh In On Farmmi

Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in Farmmi by 13.7% in the 4th quarter. Renaissance Technologies LLC now owns 171,307 shares of the company’s stock valued at $69,000 after purchasing an additional 20,624 shares during the last quarter. Virtu Financial LLC raised its position in shares of Farmmi by 86.1% during the second quarter. Virtu Financial LLC now owns 79,087 shares of the company’s stock worth $83,000 after acquiring an additional 36,587 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Farmmi during the first quarter worth $103,000. Institutional investors own 0.28% of the company’s stock.

About Farmmi

Farmmi, Inc, through its subsidiaries, engages in processing and sale of agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers Shiitake mushrooms, Mu Er mushrooms, and other edible fungi, such as bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondose, coprinus comatus, and hericium erinaceus, as well as dried edible fungi.