Weiss Ratings Reiterates “Sell (D-)” Rating for Farmmi (NASDAQ:FAMI)

Farmmi (NASDAQ:FAMI)‘s stock had its “sell (d-)” rating reaffirmed by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Farmmi Stock Down 1.6%

Shares of FAMI stock opened at $1.80 on Wednesday. The company’s 50 day moving average is $1.78 and its 200 day moving average is $1.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.88 and a quick ratio of 1.85. Farmmi has a 52-week low of $1.43 and a 52-week high of $7.07.

Hedge Funds Weigh In On Farmmi

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC purchased a new position in Farmmi, Inc. (NASDAQ:FAMI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned about 0.95% of Farmmi at the end of the most recent quarter. Institutional investors and hedge funds own 0.28% of the company’s stock.

About Farmmi

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.