Yin Yan Sells 1,777,230 Shares of Marwynn (NASDAQ:MWYN) Stock

Marwynn Holdings, Inc. (NASDAQ:MWYN) CEO Yin Yan sold 1,777,230 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $0.51, for a total value of $906,387.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Marwynn Price Performance

Shares of MWYN traded up $0.02 during midday trading on Friday, hitting $0.77. The company’s stock had a trading volume of 58,084 shares, compared to its average volume of 1,692,778. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 0.03. Marwynn Holdings, Inc. has a one year low of $0.71 and a one year high of $11.20. The stock has a market capitalization of $13.12 million and a price-to-earnings ratio of -1.83. The company’s fifty day simple moving average is $1.06 and its two-hundred day simple moving average is $2.31.

Marwynn (NASDAQ:MWYN) last released 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.

Hedge Funds Weigh In On Marwynn

Several large investors have recently bought and sold shares of MWYN. Jane Street Group LLC acquired a new stake in shares of Marwynn during the first quarter valued at about $141,000. XTX Topco Ltd bought a new position in Marwynn in the 2nd quarter valued at approximately $39,000. Finally, Bank of America Corp DE acquired a new stake in Marwynn during the 2nd quarter worth approximately $29,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 MarketBeat.com, the stock presently has an average 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.