Marwynn (NASDAQ:MWYN) Issues Earnings Results

Marwynn (NASDAQ:MWYN) released its quarterly earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Marwynn had a negative net margin of 94.65% and a negative return on equity of 217.73%. The firm had revenue of $0.04 million for the quarter.

Marwynn Stock Down 0.9%

Shares of NASDAQ:MWYN opened at $0.88 on Wednesday. The stock has a market capitalization of $17.69 million and a P/E ratio of -1.86. The stock’s 50-day moving average price is $0.93 and its 200-day moving average price is $1.13. The company has a current ratio of 1.15, a quick ratio of 0.44 and a debt-to-equity ratio of 0.03. Marwynn has a 12-month low of $0.71 and a 12-month high of $11.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Marwynn in a research report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Activity at Marwynn

In other Marwynn news, CFO Hong Le Liang sold 1,777,230 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $0.51, for a total value of $906,387.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Yin Yan sold 1,777,230 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $0.51, for a total transaction of $906,387.30. The SEC filing for this sale provides additional information. Insiders sold 6,398,028 shares of company stock worth $3,262,994 in the last ninety days. 29.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marwynn

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MWYN. Jane Street Group LLC bought a new stake in Marwynn in the 1st quarter worth $141,000. XTX Topco Ltd bought a new position in shares of Marwynn during the second quarter valued at about $39,000. Finally, Bank of America Corp DE purchased a new stake in shares of Marwynn during the second quarter worth about $29,000.

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.