Farmmi (NASDAQ:FAMI) Shares Scheduled to Reverse Split on Monday, March 17th

Farmmi, Inc. (NASDAQ:FAMI) shares are scheduled to reverse split on Monday, March 17th. The 1-12 reverse split was announced on Wednesday, March 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 14th.

Farmmi Trading Down 18.2 %

Shares of FAMI stock traded down $0.04 during mid-day trading on Thursday, hitting $0.16. The company’s stock had a trading volume of 1,929,407 shares, compared to its average volume of 1,334,712. The business has a 50-day moving average price of $0.27 and a 200 day moving average price of $0.28. Farmmi has a 52-week low of $0.15 and a 52-week high of $0.94. The company has a quick ratio of 15.55, a current ratio of 16.10 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Farmmi

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC bought a new stake in shares of Farmmi, Inc. (NASDAQ:FAMI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned 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.

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.