Farmmi (NASDAQ:FAMI) Issues Earnings Results

Farmmi (NASDAQ:FAMI) released its quarterly earnings results on Thursday. The company reported ($1.63) EPS for the quarter, reports. The firm had revenue of $3.20 million for the quarter.

Farmmi Stock Performance

Shares of NASDAQ FAMI opened at $0.10 on Thursday. The firm’s 50-day simple moving average is $0.32 and its 200 day simple moving average is $0.94. Farmmi has a fifty-two week low of $0.09 and a fifty-two week high of $2.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Farmmi from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Farmmi presently has an average rating of “Sell”.

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.