Marwynn (NASDAQ:MWYN) Stock Price Up 4.2% – Still a Buy?

Marwynn Holdings, Inc. (NASDAQ:MWYN)’s share price shot up 4.2% on Tuesday . The stock traded as high as $0.69 and last traded at $0.6880. 250,233 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 3,405,811 shares. The stock had previously closed at $0.6604.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Marwynn has a consensus rating of “Sell”.

Marwynn Price Performance

The stock has a market cap of $13.89 million, a P/E ratio of -1.38 and a beta of 3.51. The firm’s fifty day moving average price is $0.72 and its two-hundred day moving average price is $0.83.

Marwynn (NASDAQ:MWYN) last released its earnings results on Tuesday, March 17th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $1.38 million during the quarter. Marwynn had a negative net margin of 121.92% and a negative return on equity of 244.66%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MWYN. DRW Securities LLC bought a new position in Marwynn in the fourth quarter valued at $38,000. Jane Street Group LLC bought a new position in Marwynn in the first quarter valued at $141,000. XTX Topco Ltd bought a new position in Marwynn in the second quarter valued at $39,000. Finally, Bank of America Corp DE bought a new position in Marwynn in the second quarter valued at $29,000.

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.