Farmmi (NASDAQ:FAMI) Posts Earnings Results

Farmmi (NASDAQ:FAMI) issued its quarterly earnings data on Thursday. The company reported ($1.63) earnings per share for the quarter, reports. The company had revenue of $3.20 million during the quarter.

Farmmi Trading Up 1.3%

Shares of NASDAQ FAMI opened at $0.10 on Friday. The business’s 50 day moving average price is $0.27 and its 200 day moving average price is $0.92. Farmmi has a 52 week low of $0.09 and a 52 week high of $2.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Farmmi from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 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.