Farmmi (NASDAQ:FAMI) Shares Down 2.1% – Should You Sell?

Shares of Farmmi, Inc. (NASDAQ:FAMI) were down 2.1% during mid-day trading on Tuesday . The stock traded as low as $1.4012 and last traded at $1.43. Approximately 24,986 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 22,330 shares. The stock had previously closed at $1.46.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, Farmmi presently has a consensus rating of “Sell”.

Farmmi Stock 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 business has a 50-day simple moving average of $1.27 and a 200-day simple moving average of $1.35.

Farmmi (NASDAQ:FAMI) last announced 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.