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

Farmmi, Inc. (NASDAQ:FAMI)’s stock is set 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 market closes on Friday, March 14th.

Farmmi Stock Performance

FAMI traded down $0.04 during 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 1,329,625. The firm’s 50 day moving average price is $0.27 and its two-hundred day moving average price is $0.28. The company has a current ratio of 16.10, a quick ratio of 15.55 and a debt-to-equity ratio of 0.01. Farmmi has a 12 month low of $0.15 and a 12 month high of $0.94.

Institutional Investors Weigh In On Farmmi

A hedge fund recently bought a new stake in Farmmi stock. Citadel Advisors LLC bought a new position in shares of Farmmi, Inc. (NASDAQ:FAMI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned about 0.95% of Farmmi as of its most recent SEC filing. 0.28% of the stock is currently owned by hedge funds and other 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.