Sizzling Stock Alert: Farmmi, Inc. (NASDAQ:FAMI)

Farmmi, Inc. (NASDAQ:FAMI) reported change of 3.32% to $3.11 with the recent traded volume of 35217 shares in most recent trading session compared to an average volume of 246.73K. The stock was down over last five days period with -8.79%. The one month performance of stock was -26.04%. FAMI [NASD] shares are at -40.28% for the quarter and driving a -50.26% return over the course of the past year and is now at -25.86% since this point in 2018. 

The Company has earnings of $ 3.20M and made $6.60 sales for the last 12 months. Its quarter to quarter sales remained -46.50% and sales observed at – over past 5 years. The stock beta value is -. FAMI [NASD] is -41.31% upward its 200-day moving average. On a similar note, the stock is -23.01% above its 50-day moving average. The average volatility for the week and month was at 15.06% 9.17% respectively. The company holds 10.79M shares outstanding and 1.93M shares are floated in market.”

Farmmi, Inc. (NASDAQ: FAMI), an agriculture products supplier in China, today announced it entered a cooperation agreement with Ningbo Jiangbei Cicheng Fenghengda Food Co., Ltd. (“Fenghengda Food”), one of China’s largest and oldest food manufacturers.

Under this one-year agreement, select Fenghengda Food products will now be sold on Farmmi Liangpin Market (www.farmmi.com), Farmmi’s leading ecommerce platform. Farmmi will be able to use the Fenghengda Food’s brand and product names, images, trademarks and copyrights of these products in its sales and promotional campaigns.

Yefang Zhang, Farmmi’s Chairwoman and CEO, stated, “We are very excited to welcome Fenghengda Food to the growing Farmmi family. Fenghengda Food is a national treasure, having created culinary delights and staples of consumers’ daily diets for more than 160 years. Our agreement reflects our shared adherence to strict quality and technical standards, and underscores Farmmi’s proven track record of creating an enriching online brand experience for both our partners and customers. This agreement also reflects our strategy of successfully partnering with a diverse group of suppliers and brands to further enhance and expand our product portfolio. With more than 120 brands today spanning seven core categories, our Farmmi Liangpin Market is positioned to achieve further growth and success.”

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