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

Farmmi, Inc. (NASDAQ:FAMI) shares dropped 1% on Tuesday . The company traded as low as $1.16 and last traded at $1.1650. Approximately 2,200 shares traded hands 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.

Analysts Set New Price Targets

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, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Farmmi Trading Down 1.0%

The company has a quick ratio of 9.20, a current ratio of 9.35 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $1.26 and its two-hundred day simple moving average is $1.39.

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

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.