Marwynn (NASDAQ:MWYN) Trading Down 1.1% – Should You Sell?

Marwynn Holdings, Inc. (NASDAQ:MWYN) shares fell 1.1% during mid-day trading on Tuesday . The stock traded as low as $0.9050 and last traded at $0.9162. 5,422 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 92,780 shares. The stock had previously closed at $0.9267.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Marwynn in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Marwynn presently has an average rating of “Sell”.

Marwynn Price Performance

The stock has a 50-day moving average price of $1.08 and a two-hundred day moving average price of $2.41. The company has a current ratio of 1.15, a quick ratio of 0.44 and a debt-to-equity ratio of 0.03. The stock has a market cap of $15.62 million and a price-to-earnings ratio of -2.18.

Marwynn (NASDAQ:MWYN) last announced its earnings results on Monday, September 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $2.34 million during the quarter.

Insider Buying and Selling

In other Marwynn news, CFO Zhifen Zhou sold 2,843,568 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total value of $1,450,219.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Hong Le Liang sold 1,777,230 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $0.51, for a total transaction of $906,387.30. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Trading of Marwynn

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MWYN. Bank of America Corp DE acquired a new position in shares of Marwynn in the second quarter valued at about $29,000. XTX Topco Ltd acquired a new stake in shares of Marwynn during the second quarter worth about $39,000. Finally, Jane Street Group LLC acquired a new stake in shares of Marwynn during the first quarter worth about $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.