Marwynn (NASDAQ:MWYN) Stock Price Down 4.7% – Here’s Why

Shares of Marwynn Holdings, Inc. (NASDAQ:MWYN) traded down 4.7% during trading on Tuesday . The company traded as low as $0.8133 and last traded at $0.8193. 21,596 shares traded hands during trading, a decline of 85% from the average session volume of 145,112 shares. The stock had previously closed at $0.86.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Marwynn in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Marwynn Price Performance

The business has a fifty day moving average of $0.97 and a 200-day moving average of $0.85. The stock has a market capitalization of $16.54 million, a price-to-earnings ratio of -1.64 and a beta of 3.29.

Hedge Funds Weigh In On Marwynn

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of Marwynn during the second quarter worth $29,000. XTX Topco Ltd purchased a new position in Marwynn in the 2nd quarter worth about $39,000. Jane Street Group LLC purchased a new position in Marwynn in the 1st quarter worth about $141,000. Finally, DRW Securities LLC acquired a new stake in Marwynn during the 4th quarter worth about $38,000.

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. 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.