Marwynn (NASDAQ:MWYN) Releases Earnings Results

Marwynn (NASDAQ:MWYN) announced its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. Marwynn had a negative net margin of 59.88% and a negative return on equity of 134.21%. The company had revenue of $1.09 million for the quarter.

Marwynn Stock Performance

Marwynn stock opened at $1.00 on Tuesday. Marwynn has a one year low of $0.45 and a one year high of $1.44. The firm has a market capitalization of $20.20 million, a P/E ratio of -4.55 and a beta of 3.81. The company has a 50-day simple moving average of $0.97 and a 200-day simple moving average of $0.88.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Marwynn in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.