The stock of Farmmi Inc. (FAMI, Financial) experienced a significant drop of 5.28%, trading at $0.271 with a volume of 70,369 shares and a turnover rate of 0.66%. The stock's amplitude reached 7.34%. According to recent financial data, Farmmi reported revenue of $36.44 million, a net income of $630,492, earnings per share of $0.10, and a gross profit of $2.15 million. The price-to-earnings ratio stands at a low 0.13, and no institutional ratings for buy, hold, or sell recommendations have been issued.
Within the packaged food industry, the overall decline was 1.00%. Notably, stocks such as Blue Star Foods Corp., Seneca Foods Corp., and Mama's Creations, Inc. posted significant gains, while Blue Star Foods Corp., Stryve Foods, Inc., and DayDayCook showed high trading activity with turnover rates of 4.39%, 2.86%, and 2.33%, respectively. Stocks with substantial amplitude included Above Food Ingredients Inc with warrants, Happiness Biotech Group, and The Real Good Food Company, Inc., with amplitudes of 60.00%, 23.21%, and 16.19%.
Farmmi Inc. is a supplier of agricultural products, specializing in edible mushrooms such as shiitake and mu’er, along with other agricultural products. Most of their products are sold to mainland China.
