Marwynn (NASDAQ:MWYN) Issues Earnings Results

Marwynn (NASDAQ:MWYN) posted its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $1.38 million during the quarter. Marwynn had a negative return on equity of 224.54% and a negative net margin of 94.65%.

Marwynn Trading Up 1.9%

Shares of Marwynn stock opened at $0.77 on Wednesday. Marwynn has a 12-month low of $0.67 and a 12-month high of $11.20. The stock has a market capitalization of $15.48 million and a P/E ratio of -1.63. The company has a 50-day simple moving average of $0.84 and a 200 day simple moving average of $0.93. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.95.

Institutional Trading of Marwynn

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in shares of Marwynn in the second quarter valued at approximately $29,000. XTX Topco Ltd bought a new stake in Marwynn during the 2nd quarter worth approximately $39,000. Jane Street Group LLC acquired a new stake in Marwynn during the 1st quarter valued at $141,000. Finally, DRW Securities LLC acquired a new stake in Marwynn during the 4th quarter valued at $38,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Marwynn in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus 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.