Marwynn (NASDAQ:MWYN) Trading Down 2.7% – Time to Sell?

Marwynn Holdings, Inc. (NASDAQ:MWYN) traded down 2.7% during mid-day trading on Friday . The company traded as low as $1.04 and last traded at $1.08. Approximately 157,541 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 303,586 shares. The stock had previously closed at $1.11.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Marwynn Stock Down 2.7%

The stock has a 50 day moving average of $0.85 and a 200 day moving average of $0.84. The firm has a market cap of $21.81 million, a price-to-earnings ratio of -2.16 and a beta of 3.93.

Hedge Funds Weigh In On Marwynn

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of Marwynn during the 2nd quarter worth approximately $29,000. XTX Topco Ltd acquired a new position in Marwynn during the second quarter valued at approximately $39,000. Jane Street Group LLC acquired a new position in Marwynn during the first quarter valued at approximately $141,000. Finally, DRW Securities LLC bought a new stake in Marwynn during the fourth quarter worth $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.