Marwynn (NASDAQ:MWYN) CFO Sells $1,450,219.68 in Stock

Marwynn Holdings, Inc. (NASDAQ:MWYN) CFO Zhifen Zhou sold 2,843,568 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total value of $1,450,219.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Marwynn Price Performance

NASDAQ MWYN opened at $0.96 on Thursday. Marwynn Holdings, Inc. has a fifty-two week low of $0.71 and a fifty-two week high of $11.20. The stock’s 50-day moving average is $1.06 and its two-hundred day moving average is $2.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.15 and a quick ratio of 0.44. The firm has a market cap of $16.37 million and a P/E ratio of -2.29.

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

Hedge Funds Weigh In On Marwynn

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Marwynn during the first quarter valued at about $141,000. XTX Topco Ltd bought a new position in Marwynn during the second quarter valued at about $39,000. Finally, Bank of America Corp DE bought a new position in Marwynn during the second quarter valued at about $29,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Marwynn in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.