Farmmi (NASDAQ:FAMI) Posts Quarterly Earnings Results

Farmmi (NASDAQ:FAMI) posted its earnings results on Thursday. The company reported ($1.63) earnings per share (EPS) for the quarter, reports. The company had revenue of $3.20 million for the quarter.

Farmmi Stock Performance

NASDAQ:FAMI opened at $0.10 on Friday. The company has a fifty day moving average of $0.29 and a two-hundred day moving average of $0.93. Farmmi has a fifty-two week low of $0.09 and a fifty-two week high of $2.05.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Farmmi from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Farmmi currently has a consensus rating of “Sell”.

About Farmmi

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.