Farmmi (NASDAQ:FAMI) Trading Down 3.6% – Here’s Why

Farmmi, Inc. (NASDAQ:FAMI)’s share price dropped 3.6% during trading on Thursday . The stock traded as low as $1.32 and last traded at $1.32. Approximately 11,234 shares changed hands during trading, an increase of 78% from the average daily volume of 6,327 shares. The stock had previously closed at $1.37.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Farmmi in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Farmmi Stock Performance

The company has a current ratio of 9.35, a quick ratio of 9.20 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $1.33 and its two-hundred day moving average is $1.56.

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.