Shares of Marwynn Holdings, Inc. (NASDAQ:MWYN – Get Free Report) rose 5% on Wednesday . The stock traded as high as $0.9969 and last traded at $0.9871. 90,645 shares changed hands during trading, a decline of 74% from the average session volume of 345,762 shares. The stock had previously closed at $0.9398.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Marwynn currently has an average rating of “Sell”.
Read Our Latest Stock Report on MWYN
Marwynn Stock Up 10.4%
Marwynn (NASDAQ:MWYN – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $2.77 million for the quarter. Marwynn had a negative return on equity of 134.21% and a negative net margin of 59.88%.
Hedge Funds Weigh In On Marwynn
Several hedge funds have recently made changes to their positions in MWYN. Bank of America Corp DE purchased a new stake in Marwynn in the second quarter worth $29,000. XTX Topco Ltd bought a new position in Marwynn in the 2nd quarter worth $39,000. Jane Street Group LLC bought a new position in Marwynn in the 1st quarter worth $141,000. Finally, DRW Securities LLC purchased a new stake in shares of Marwynn in the 4th quarter worth about $38,000.
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.
Further Reading
- Five stocks we like better than Marwynn
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for Marwynn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marwynn and related companies with MarketBeat.com's FREE daily email newsletter.
