Marwynn (NASDAQ:MWYN) Announces Quarterly Earnings Results

Marwynn (NASDAQ:MWYN) issued its quarterly earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports. The company had revenue of $2.77 million for the quarter. Marwynn had a negative return on equity of 244.66% and a negative net margin of 121.92%.

Marwynn Price Performance

NASDAQ MWYN opened at $0.70 on Friday. The company has a market capitalization of $14.12 million, a price-to-earnings ratio of -1.40 and a beta of 3.29. The company’s fifty day moving average price is $0.95 and its two-hundred day moving average price is $0.84. Marwynn has a 12 month low of $0.45 and a 12 month high of $2.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Marwynn currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Marwynn

A number of hedge funds have recently modified their holdings of MWYN. Bank of America Corp DE acquired a new stake in shares of Marwynn during the second quarter worth approximately $29,000. DRW Securities LLC acquired a new stake in shares of Marwynn in the fourth quarter valued at about $38,000. XTX Topco Ltd acquired a new position in shares of Marwynn during the second quarter valued at about $39,000. Finally, Jane Street Group LLC bought a new stake in shares of Marwynn in the 1st quarter worth approximately $141,000.

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.