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

Farmmi, Inc. (NASDAQ:FAMI)’s stock is going to reverse split on the morning of 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 Stock Down 18.2 %

FAMI traded down $0.04 during trading on Thursday, reaching $0.16. 1,929,407 shares of the company were exchanged, compared to its average volume of 1,329,625. The company’s 50-day moving average is $0.27 and its two-hundred day moving average is $0.28. Farmmi has a 12-month low of $0.15 and a 12-month high of $0.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 15.55 and a current ratio of 16.10.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Farmmi stock. Citadel Advisors LLC acquired a new position in Farmmi, Inc. (NASDAQ:FAMI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 101,184 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.95% of Farmmi as of its most recent filing with the Securities & Exchange Commission. 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.