Marwynn (NASDAQ:MWYN) Shares Down 4.7% – Here’s What Happened

Marwynn Holdings, Inc. (NASDAQ:MWYNGet Free Report) shares dropped 4.7% on Tuesday . The stock traded as low as $0.8133 and last traded at $0.8193. Approximately 21,596 shares were traded during trading, a decline of 85% from the average session volume of 145,112 shares. The stock had previously closed at $0.86.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on MWYN

Marwynn Trading Up 2.3%

The firm has a market cap of $16.72 million, a PE ratio of -1.66 and a beta of 3.29. The firm has a 50 day moving average price of $0.97 and a 200-day moving average price of $0.85.

Institutional Inflows and Outflows

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

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.

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