Farmmi (NASDAQ:FAMI) Shares Down 2.3% – Here’s What Happened

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

Farmmi Trading Down 2.3 %

The firm has a 50 day moving average of $0.28 and a 200-day moving average of $0.29. The company has a quick ratio of 15.55, a current ratio of 16.10 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Farmmi

A hedge fund recently bought a new stake in Farmmi stock. Citadel Advisors LLC bought a new position in shares of Farmmi, Inc. (NASDAQ:FAMI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.95% of Farmmi at the end of the most recent reporting period. 0.28% of the stock is currently owned by hedge funds and other 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.