FRMO (OTCMKTS:FRMO) Trading Down 2.8% – Time to Sell?

Shares of FRMO Co. (OTCMKTS:FRMOGet Free Report) were down 2.8% during trading on Friday . The company traded as low as $9.11 and last traded at $9.19. Approximately 17,087 shares traded hands during trading, an increase of 7% from the average daily volume of 16,012 shares. The stock had previously closed at $9.45.

FRMO Stock Performance

The company’s fifty day simple moving average is $8.42 and its two-hundred day simple moving average is $7.76.

FRMO Company Profile

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FRMO Corporation, through Horizon Kinetics, LLC, operates as an investment advisory and independent research company. The company provides in-depth analysis of information-poor, under-researched companies, and strategies to identify the complex situations primarily to institutional investors. FRMO Corporation was incorporated in 1993 and is based in White Plains, New York.

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