UBS Securities LLC recently announced the acquisition of new stake in Farmmi Inc. (NASDAQ:FAMI). The institutional investor has increased its shareholding in the Consumer Defensive company by 192.30% to 42752.0 shares with purchase of 28126.0 shares. This fresh investment now brings its stake to 0.19% valued currently at $17101.0. In addition, Two Sigma Securities LLC raised its holdings by 3556.0 to 29359.0 shares. And Advisory Services Network LLC has lifted its position by 118.18% or 13000.0 shares – to 24000.0 shares.
With over 0.52 million Farmmi Inc. (FAMI) shares trading Tuesday and a closing price of $0.61 on the day, the dollar volume was approximately $0.31 million. The shares have shown a negative half year performance of -43.52% and its price on 01/17/23 gained nearly 11.21%. Currently, there are 22.32M common shares owned by the public and among those 21.94M shares have been available to trade.
Fidelity Nasdaq Composite Index F owns 4169.0 shares of the company’s stock, all valued at over $1668.0.
Shares of Farmmi Inc. (NASDAQ: FAMI) opened at $0.57, up $0.02 from a prior closing price of $0.55. However, the script later moved the day high at 0.6200, up 11.21%. The company’s stock has a 5-day price change of 20.70% and 8.97% over the past three months. FAMI shares are trading 52.35% year to date (YTD), with the 12-month market performance down to -89.39% lower. It has a 12-month low price of $0.39 and touched a high of $6.12 over the same period. FAMI has an average intraday trading volume of 175.62K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 32.09%, 18.90%, and -49.52% respectively.
Institutional ownership of Farmmi Inc. (NASDAQ: FAMI) shares accounts for 1.51% of the company’s 22.32M shares outstanding. Mutual fund holders own 0.02%, while other institutional holders and individual stakeholders account for 1.50% and — respectively.
It has a market capitalization of $13.79M. The stock’s trailing 12-month PE ratio is 1.22, while the earnings-per-share (ttm) stands at $0.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.90% over the week and 8.15% over the month.