Farmmi (NASDAQ:FAMI) Trading Down 2.3% – Time to Sell?

Shares of Farmmi, Inc. (NASDAQ:FAMI) were down 2.3% during mid-day trading on Friday . The company traded as low as $0.23 and last traded at $0.24. Approximately 194,814 shares changed hands during trading, a decline of 94% from the average daily volume of 3,036,517 shares. The stock had previously closed at $0.25.

Farmmi Stock Down 2.3 %

The company has a current ratio of 16.10, a quick ratio of 15.55 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $0.28 and a 200 day moving average price of $0.29.

Institutional Investors Weigh In On Farmmi

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC acquired a new stake in shares of Farmmi, Inc. (NASDAQ:FAMI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.95% of Farmmi as of its most recent SEC filing. 0.28% of the stock is owned by institutional investors.

Farmmi Company Profile

Farmmi, Inc, through its subsidiaries, engages in processing and sale of agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers Shiitake mushrooms, Mu Er mushrooms, and other edible fungi, such as bamboo fungi, agrocybe aegerila, pleurotus eryngii, grifola frondose, coprinus comatus, and hericium erinaceus, as well as dried edible fungi.