Marwynn (NASDAQ:MWYN) Shares Down 1.1% – What’s Next?

Marwynn Holdings, Inc. (NASDAQ:MWYN)’s stock price dropped 1.1% during trading on Tuesday . The stock traded as low as $0.9050 and last traded at $0.9162. Approximately 5,422 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 92,780 shares. The stock had previously closed at $0.9267.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Marwynn in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Marwynn Trading Down 1.1%

The company has a market cap of $15.62 million and a P/E ratio of -2.18. The firm’s 50 day moving average is $1.08 and its two-hundred day moving average is $2.41. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 0.03.

Marwynn (NASDAQ:MWYN) last announced its earnings results on Monday, September 15th. The company reported ($0.16) EPS for the quarter. The business had revenue of $2.34 million during the quarter.

Insider Buying and Selling

In related news, CFO Hong Le Liang sold 1,777,230 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $0.51, for a total value of $906,387.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zhifen Zhou sold 2,843,568 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total transaction of $1,450,219.68. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On Marwynn

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in Marwynn during the second quarter valued at $29,000. XTX Topco Ltd acquired a new position in shares of Marwynn in the 2nd quarter valued at about $39,000. Finally, Jane Street Group LLC bought a new stake in shares of Marwynn during the 1st quarter valued at about $141,000.

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.