Marwynn (NASDAQ:MWYN) Announces Quarterly Earnings Results

Marwynn (NASDAQ:MWYN) issued its quarterly earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $2.77 million for the quarter. Marwynn had a negative return on equity of 135.69% and a negative net margin of 59.88%.

Marwynn Price Performance

NASDAQ:MWYN traded up $0.03 on Friday, reaching $0.76. 146,446 shares of the company’s stock were exchanged, compared to its average volume of 260,838. The stock has a fifty day simple moving average of $0.94 and a 200-day simple moving average of $0.84. The firm has a market cap of $15.24 million, a price-to-earnings ratio of -3.43 and a beta of 3.29. Marwynn has a 52 week low of $0.45 and a 52 week high of $2.35.

Institutional Trading of Marwynn

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in Marwynn in the second quarter valued at approximately $29,000. XTX Topco Ltd purchased a new position 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 about $141,000. Finally, DRW Securities LLC bought a new position in shares of Marwynn during the fourth quarter valued at approximately $38,000.

Analyst Upgrades and Downgrades

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

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.