Farmmi (NASDAQ:FAMI) Trading Up 1.8% – Time to Buy?

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

Farmmi Price Performance

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 business has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $2.90.

Institutional Trading of Farmmi

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC bought a new position in Farmmi, Inc. (NASDAQ:FAMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 at the end of the most recent reporting period. 0.28% of the stock is currently owned by institutional investors.

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.