Key Points
- CEO Yin Yan sold 1,777,230 shares on Nov. 19 at an average price of $0.51 for total proceeds of $906,387.30, according to the SEC filing.
- Marwynn has a small market cap (about $13.1M), reported negative earnings (last quarter EPS −$0.16) and a negative P/E, and carries a consensus "Sell" rating (Weiss Ratings reiterated Sell).
- Shares traded up to $0.77 (up 2.6%) with a 52-week range of $0.71–$11.20 and 50/200-day moving averages of $1.06/$2.29, reflecting low liquidity and high historical volatility.
Marwynn Holdings, Inc. (NASDAQ:MWYN - Get Free Report) CEO Yin Yan sold 1,777,230 shares of the business's stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $0.51, for a total transaction of $906,387.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Marwynn Stock Up 2.6%
Shares of Marwynn stock traded up $0.02 during trading on Friday, reaching $0.77. The company had a trading volume of 58,084 shares, compared to its average volume of 46,422. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.44 and a current ratio of 1.15. Marwynn Holdings, Inc. has a fifty-two week low of $0.71 and a fifty-two week high of $11.20. The firm's fifty day moving average is $1.06 and its 200-day moving average is $2.29. The company has a market cap of $13.12 million and a price-to-earnings ratio of -1.83.
Marwynn (NASDAQ:MWYN - Get Free Report) last announced its quarterly earnings data on Monday, September 15th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $2.34 million during the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (e)" rating on shares of Marwynn in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Marwynn has a consensus rating of "Sell".
View Our Latest Stock Report on MWYN
Institutional Investors Weigh In On Marwynn
Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Marwynn during the first quarter worth about $141,000. XTX Topco Ltd acquired a new position in Marwynn in the second quarter valued at approximately $39,000. Finally, Bank of America Corp DE bought a new position in shares of Marwynn during the second quarter valued at approximately $29,000.
About Marwynn
(
Get Free Report)
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.
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