Farmmi (NASDAQ:FAMI) Stock Price Up 1.8% – Still a Buy?

Farmmi, Inc. (NASDAQ:FAMI)’s share price rose 1.8% during trading on Friday . The company traded as high as $1.77 and last traded at $1.70. Approximately 129,313 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 121,637 shares. The stock had previously closed at $1.67.

Farmmi Trading Up 1.8 %

The company has a quick ratio of 15.55, a current ratio of 16.10 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $2.91.

Institutional Investors Weigh In On Farmmi

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC bought a new position in shares of Farmmi, Inc. (NASDAQ:FAMI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned about 0.95% of Farmmi as of its most recent SEC filing. Hedge funds and other institutional investors own 0.28% of the company’s stock.

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.