Marwynn (NASDAQ:MWYN) Posts Quarterly Earnings Results

Marwynn (NASDAQ:MWYN) posted its earnings results on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports.

Marwynn Stock Up 5.5%

NASDAQ:MWYN opened at $0.86 on Monday. The stock has a 50-day simple moving average of $0.94 and a 200 day simple moving average of $1.21. Marwynn has a 52-week low of $0.71 and a 52-week high of $11.20. The company has a market cap of $17.30 million and a PE ratio of -2.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.44 and a current ratio of 1.15.

Insiders Place Their Bets

In other news, CEO Yin Yan sold 1,777,230 shares of Marwynn stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $0.51, for a total value of $906,387.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zhifen Zhou sold 2,843,568 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $0.51, for a total transaction of $1,450,219.68. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,398,028 shares of company stock valued at $3,262,994 in the last quarter. 29.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marwynn

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in Marwynn during the first quarter worth about $141,000. XTX Topco Ltd acquired a new stake in shares of Marwynn in the 2nd quarter valued at approximately $39,000. Finally, Bank of America Corp DE acquired a new position in Marwynn during the second quarter worth $29,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Marwynn in a report on Monday, December 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus 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. 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.