Farmmi (NASDAQ:FAMI) Stock Price Down 0.8% – Time to Sell?

Farmmi, Inc. (NASDAQ:FAMI) fell 0.8% during trading on Friday . The stock traded as low as $1.26 and last traded at $1.26. 5,684 shares were traded during mid-day trading, an increase of 2% from the average session volume of 5,558 shares. The stock had previously closed at $1.27.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Farmmi in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Farmmi Price Performance

The firm has a 50 day simple moving average of $1.49 and a 200-day simple moving average of $1.70.

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.