Shares of Farmmi, Inc. (NASDAQ:FAMI – Get Rating) are set to reverse split on the morning of Tuesday, May 31st. The 1-25 reverse split was announced on Tuesday, May 31st. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, May 31st.
Shares of Farmmi stock opened at $0.06 on Friday. Farmmi has a one year low of $0.06 and a one year high of $0.66. The business has a 50-day simple moving average of $0.12 and a 200 day simple moving average of $0.18.
A number of institutional investors have recently modified their holdings of the stock. Invesco Ltd. bought a new stake in Farmmi in the 1st quarter valued at about $103,000. Susquehanna International Group LLP bought a new stake in Farmmi in the 4th quarter valued at about $55,000. Millennium Management LLC bought a new stake in Farmmi in the 4th quarter valued at about $51,000. Renaissance Technologies LLC bought a new stake in Farmmi in the 4th quarter valued at about $1,758,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Farmmi in the 3rd quarter valued at about $30,000. 1.53% of the stock is owned by institutional investors and hedge funds.
Farmmi, Inc, together with its subsidiaries, processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, coprinus comatus, grifola frondosa, and hericium erinaceus.
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