Farmmi (NASDAQ:FAMI) Trading Down 3.6% – Here’s Why

Shares of Farmmi, Inc. (NASDAQ:FAMI) traded down 3.6% during trading on Thursday . The company traded as low as $1.32 and last traded at $1.32. 11,234 shares traded hands during trading, an increase of 78% from the average session volume of 6,327 shares. The stock had previously closed at $1.37.

Analyst Upgrades and Downgrades

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

Farmmi Trading Down 3.6%

The firm has a 50-day moving average of $1.33 and a two-hundred day moving average of $1.56. The company has a current ratio of 9.35, a quick ratio of 9.20 and a debt-to-equity ratio of 0.01.

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.