Farmmi (NASDAQ:FAMI) Trading 0.6% Higher – Still a Buy?

Farmmi, Inc. (NASDAQ:FAMI) shares shot up 0.6% during mid-day trading on Friday . The company traded as high as $1.50 and last traded at $1.5040. Approximately 301 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 5,140 shares. The stock had previously closed at $1.4951.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Farmmi in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Farmmi Trading Up 0.6%

The company has a current ratio of 1.88, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.74.

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.