Farmmi (NASDAQ:FAMI) Trading Down 3.9% – Here’s What Happened

Farmmi, Inc. (NASDAQ:FAMI)’s stock price fell 3.9% on Thursday . The stock traded as low as $1.2451 and last traded at $1.23. 575 shares traded hands during trading, a decline of 96% from the average session volume of 12,817 shares. The stock had previously closed at $1.28.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Farmmi in a research note on Thursday, January 22nd. One 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 Stock Down 3.9%

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 company’s 50 day simple moving average is $1.32 and its 200-day simple moving average is $1.51.

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.