Meiwu Technology (NASDAQ:WNW) Announces Earnings Results

Meiwu Technology (NASDAQ:WNW) posted its quarterly earnings results on Wednesday. The company reported ($0.21) earnings per share for the quarter, reports. The business had revenue of $2.43 million for the quarter.

Meiwu Technology Stock Performance

Shares of NASDAQ:WNW traded down $0.01 during mid-day trading on Wednesday, hitting $1.97. 63,829 shares of the company traded hands, compared to its average volume of 825,109. The firm’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $35.40. Meiwu Technology has a 52-week low of $1.90 and a 52-week high of $1,352.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Meiwu Technology in a report on Thursday, October 29th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Meiwu Technology Company Profile

Meiwu Technology Co, Limited (NASDAQ: WNW), formerly known as Wunong Net Technology Co, Ltd., is a China-based company focused on the sale and distribution of agricultural and food products. Its business has centered on connecting consumers with fresh and packaged food through online and offline channels.

The company’s product offerings have included fresh produce, meat, seafood, grains, oils, eggs, dairy products, beverages and other agricultural goods. Meiwu Technology has used e-commerce and digital retail platforms to market these products, with operations primarily serving consumers in China.

The company was established as an agricultural products and food-commerce business and has historically emphasized the distribution of quality and traceable food products.