Farmmi (NASDAQ:FAMI) Trading Down 7.4% – Here’s What Happened

Farmmi, Inc. (NASDAQ:FAMI)’s stock price fell 7.4% on Tuesday . The stock traded as low as $1.1503 and last traded at $1.26. Approximately 20,452 shares were traded during trading, a decline of 69% from the average session volume of 65,858 shares. The stock had previously closed at $1.36.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Farmmi in a research note on Monday, May 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Farmmi has an average rating of “Sell”.

Farmmi Stock Up 5.5%

The business has a fifty day moving average of $1.26 and a 200 day moving average of $1.32. 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 issued its earnings results 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.