Farmmi (NASDAQ:FAMI) Shares Down 1% – Here’s Why

Farmmi, Inc. (NASDAQ:FAMI)’s stock price dropped 1% on Tuesday . The stock traded as low as $1.16 and last traded at $1.1650. Approximately 2,200 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 24,258 shares. The stock had previously closed at $1.1767.

Analyst Ratings Changes

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

Farmmi Trading Down 1.0%

The business’s 50 day moving average price is $1.26 and its 200-day moving average price is $1.39. The company has a quick ratio of 9.20, a current ratio of 9.35 and a debt-to-equity ratio of 0.01.

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