Marwynn (NASDAQ:MWYN) Stock Price Up 5% – Here’s What Happened

Marwynn Holdings, Inc. (NASDAQ:MWYN)’s share price traded up 5% during trading on Wednesday . The company traded as high as $0.9969 and last traded at $0.9871. Approximately 90,645 shares changed hands during trading, a decline of 74% from the average session volume of 345,762 shares. The stock had previously closed at $0.9398.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Marwynn currently has an average rating of “Sell”.

Marwynn Stock Up 5.0%

The stock has a market cap of $19.93 million, a P/E ratio of -4.49 and a beta of 3.57. The business’s 50 day simple moving average is $0.93 and its two-hundred day simple moving average is $0.83.

Marwynn (NASDAQ:MWYN) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $2.77 million for the quarter. Marwynn had a negative return on equity of 134.21% and a negative net margin of 59.88%.

Institutional Investors Weigh In On Marwynn

Several hedge funds have recently added to or reduced their stakes in MWYN. Bank of America Corp DE acquired a new position in Marwynn in the 2nd quarter valued at approximately $29,000. XTX Topco Ltd bought a new stake in shares of Marwynn in the second quarter worth $39,000. Jane Street Group LLC bought a new stake in shares of Marwynn in the first quarter worth $141,000. Finally, DRW Securities LLC acquired a new stake in Marwynn in the fourth quarter valued at $38,000.

About Marwynn

Marwynn Holdings, Inc is a holding company with no operations other than holding the shares of its two wholly-owned operating subsidiaries, FuAn Enterprise, Inc (“FuAn”) and Grand Forest Cabinetry Inc (“Grand Forest”), that are in the supply chain business. Through our subsidiaries, we are committed to becoming a leading supply chain company in the U.S. for food, non-alcoholic beverages and indoor home improvement products. Food and Non-Alcoholic Beverages FuAn is a food and non-alcoholic beverage supply chain company that specializes in connecting businesses between different regions, particularly between Asia and the U.S.