Marwynn (NASDAQ:MWYN) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Marwynn Holdings, Inc. (NASDAQ:MWYN)’s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $1.45 and traded as high as $1.46. Marwynn shares last traded at $1.46, with a volume of 173,686 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a research report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Marwynn Trading Up 9.0%

The company has a market cap of $35.32 million, a PE ratio of -20.85 and a beta of 3.08. The stock has a 50 day moving average price of $1.45 and a 200 day moving average price of $1.00.

Marwynn (NASDAQ:MWYN) last released its quarterly earnings results on Monday, September 14th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $1.09 million for the quarter. Marwynn had a negative net margin of 24.74% and a negative return on equity of 29.11%.

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. FuAn’s comprehensive supply chain services include the sourcing of Asian food, snacks, and non-alcoholic beverages, and distributing branded goods to mainstream markets, grocery stores and wholesale/warehouse clubs in the U.S. In addition, FuAn provides supply chain consulting, and market expansion support for businesses.