Farmmi (NASDAQ:FAMI) Shares Up 1.2%

Farmmi, Inc. (NASDAQ:FAMI)’s stock price shot up 1.2% during trading on Thursday . The company traded as high as $0.83 and last traded at $0.82. 20,566 shares were traded during mid-day trading, a decline of 94% from the average session volume of 316,657 shares. The stock had previously closed at $0.81.

Farmmi Stock Performance

The stock’s 50 day moving average price is $0.98 and its 200 day moving average price is $1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 14.76 and a quick ratio of 14.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FAMI. Renaissance Technologies LLC boosted its stake in Farmmi by 13.7% during the fourth quarter. Renaissance Technologies LLC now owns 171,307 shares of the company’s stock worth $69,000 after acquiring an additional 20,624 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of Farmmi by 86.1% in the second quarter. Virtu Financial LLC now owns 79,087 shares of the company’s stock valued at $83,000 after buying an additional 36,587 shares in the last quarter. Finally, Invesco Ltd. bought a new position in shares of Farmmi in the first quarter valued at $103,000. 0.28% of the stock is 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.