Marwynn Holdings, Inc. (NASDAQ:MWYN – Get Free Report) shares passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $1.45 and traded as high as $1.46. Marwynn shares last traded at $1.46, with a volume of 173,686 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.
View Our Latest Analysis on Marwynn
Marwynn Trading Up 9.0%
The business’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $1.00. The firm has a market cap of $35.32 million, a P/E ratio of -20.85 and a beta of 3.08.
Marwynn (NASDAQ:MWYN – Get Free Report) last posted its earnings results on Monday, September 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Marwynn had a negative return on equity of 29.11% and a negative net margin of 24.74%. The business had revenue of $1.09 million during the quarter.
Marwynn Company Profile
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. FuAn’s comprehensive supply chain services include the sourcing of Asian food, snacks, and non-alcoholic beverages, and distributing branded goods to mainstream markets, grocery stores and wholesale/warehouse clubs in the U.S. In addition, FuAn provides supply chain consulting, and market expansion support for businesses.
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