Farmmi (NASDAQ:FAMI) Trading Down 7.4% – Time to Sell?

Farmmi, Inc. (NASDAQ:FAMI) traded down 7.4% on Tuesday . The stock traded as low as $1.1503 and last traded at $1.26. 20,452 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 65,858 shares. The stock had previously closed at $1.36.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Farmmi in a report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Farmmi Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 9.35 and a quick ratio of 9.20. The stock has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.32.

Farmmi (NASDAQ:FAMI) last released its earnings results on Tuesday, February 10th. The company reported ($14.44) EPS for the quarter. The firm 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.