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

Shares of Marwynn Holdings, Inc. (NASDAQ:MWYN) shot up 5% during trading on Wednesday . The stock traded as high as $0.9969 and last traded at $0.9871. Approximately 90,645 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 345,762 shares. The stock had previously closed at $0.9398.

Wall Street Analysts Forecast Growth

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

Marwynn Stock Up 5.0%

The firm 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 moving average is $0.93 and its two-hundred day moving average is $0.83.

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

Institutional Investors Weigh In On Marwynn

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in Marwynn during the second quarter worth approximately $29,000. XTX Topco Ltd acquired a new position in Marwynn in the second quarter valued at approximately $39,000. Jane Street Group LLC acquired a new position in Marwynn in the first quarter valued at approximately $141,000. Finally, DRW Securities LLC bought a new position in shares of Marwynn during the 4th quarter worth approximately $38,000.

Marwynn Company Profile

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.