Marwynn (NASDAQ:MWYN) Issues Quarterly Earnings Results

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

Marwynn Stock Up 7.5%

MWYN stock traded up $0.07 during trading on Monday, reaching $1.00. 142,802 shares of the company’s stock were exchanged, compared to its average volume of 565,397. Marwynn has a 1-year low of $0.45 and a 1-year high of $1.44. The company’s fifty day moving average price is $0.97 and its 200-day moving average price is $0.88. The firm has a market cap of $20.19 million, a PE ratio of -4.55 and a beta of 3.81.

Analysts Set New Price Targets

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