Marwynn (NASDAQ:MWYN) Trading Up 3.5% – Time to Buy?

Marwynn Holdings, Inc. (NASDAQ:MWYNGet Free Report)’s share price was up 3.5% during mid-day trading on Thursday . The company traded as high as $0.8899 and last traded at $0.8801. Approximately 95,821 shares were traded during trading, an increase of 15% from the average daily volume of 83,042 shares. The stock had previously closed at $0.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Marwynn in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

View Our Latest Stock Report on MWYN

Marwynn Trading Down 4.6%

The stock has a market capitalization of $16.96 million, a price-to-earnings ratio of -1.68 and a beta of 3.93. The stock has a 50-day moving average price of $0.75 and a 200 day moving average price of $0.81.

Marwynn (NASDAQ:MWYNGet Free Report) last announced its earnings results on Tuesday, March 17th. The company reported ($0.03) earnings per share (EPS) for the quarter. Marwynn had a negative net margin of 121.92% and a negative return on equity of 244.66%. The company had revenue of $1.38 million during the quarter.

Institutional Trading of Marwynn

Several institutional investors have recently modified their holdings of MWYN. Jane Street Group LLC acquired a new stake in shares of Marwynn in the first quarter valued at about $141,000. XTX Topco Ltd acquired a new stake in Marwynn during the 2nd quarter worth $39,000. Bank of America Corp DE acquired a new stake in Marwynn during the 2nd quarter worth $29,000. Finally, DRW Securities LLC acquired a new stake in Marwynn during the 4th quarter worth $38,000.

Marwynn Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Marwynn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marwynn and related companies with MarketBeat.com's FREE daily email newsletter.