Farmmi (FAMI) Stock Drops 4.5% This Week: Should You Invest Or Sell?

Farmmi, Inc., a China-based agricultural products distributor, today announced that its Zhejiang Farmmi Biotechnology Co, Ltd. has received another new order for its popular Shiitake mushrooms. FAMI stock drops 4.5% this week. It was trading at $0.229 on September 17. It’s closed trading at $0.213 in yesterday’s trading session, as of now it’s trading at $0.212.

Farmmi’s Chairwoman Yefang Zhang commented, “We are focused on developing long-term growth strategies that are aligned with our existing customers’ needs and expectations. As part of this effort, we are engaging in discussions with our valued customers to improve the efficiency of their supply chains.” Farmmi, Inc. is a vertically-focused provider of agricultural products, such as Shiitake mushrooms and edible fungi. The Company’s products are mainly sold through its network of over 600 domestic and international stores.