Farmmi (NASDAQ:FAMI) Stock Price Down 3.9% – Should You Sell?

Farmmi, Inc. (NASDAQ:FAMI)’s share price was down 3.9% during trading on Thursday . The stock traded as low as $1.2451 and last traded at $1.23. Approximately 575 shares traded hands during trading, a decline of 96% from the average daily volume of 12,817 shares. The stock had previously closed at $1.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Farmmi in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Farmmi Stock Up 0.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.20 and a current ratio of 9.35. The business has a 50 day moving average price of $1.32 and a 200-day moving average price of $1.51.

Farmmi (NASDAQ:FAMI) last released its quarterly earnings data on Tuesday, February 10th. The company reported ($14.44) earnings per share (EPS) for the quarter. The business had revenue of $5.91 million during the quarter.

Farmmi Company Profile

Farmmi, Inc is a China-based agricultural company primarily engaged in the cultivation, processing and sale of edible fungi. The company’s product portfolio spans fresh and dried mushrooms—including shiitake, oyster and wood ear varieties—along with a range of value-added plant-based foods such as vermicelli and other specialty grain products. Farmmi operates integrated facilities that cover seedling cultivation, mushroom production and downstream processing, allowing for quality control and traceability throughout its supply chain.

Headquartered in Lishui, Zhejiang Province, Farmmi has developed a network of farms, processing plants and sales offices across multiple provinces in the People’s Republic of China.