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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Farmmi in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Farmmi Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.20 and a current ratio of 9.35. The stock has a 50-day moving average price of $1.27 and a 200 day moving average price of $1.35.

Farmmi (NASDAQ:FAMI) last posted 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.

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.