Marwynn (NASDAQ:MWYN) Releases Earnings Results

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

Marwynn Price Performance

NASDAQ:MWYN traded up $0.08 during mid-day trading on Thursday, reaching $0.73. The stock had a trading volume of 264,454 shares, compared to its average volume of 637,649. Marwynn has a 12 month low of $0.45 and a 12 month high of $2.35. The stock has a 50-day simple moving average of $0.95 and a two-hundred day simple moving average of $0.84. The stock has a market capitalization of $14.67 million, a PE ratio of -1.45 and a beta of 3.29.

Hedge Funds Weigh In On Marwynn

Several institutional investors and hedge funds have recently added to or reduced their stakes in MWYN. Bank of America Corp DE bought a new position in shares of Marwynn in the 2nd quarter valued at $29,000. DRW Securities LLC bought a new position in shares of Marwynn during the fourth quarter worth about $38,000. XTX Topco Ltd acquired a new position in shares of Marwynn in the second quarter worth approximately $39,000. Finally, Jane Street Group LLC acquired a new position in shares of Marwynn in the first quarter worth approximately $141,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Marwynn in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Marwynn

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.