FRMO Co. (OTCMKTS:FRMO – Get Free Report) shares were down 7.7% during mid-day trading on Friday . The stock traded as low as $8.29 and last traded at $8.29. Approximately 17,734 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 12,067 shares. The stock had previously closed at $8.98.
FRMO Stock Performance
The company’s 50 day moving average price is $9.49 and its 200 day moving average price is $9.28.
FRMO Company Profile
FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company. The company provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.
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