Marwynn (NASDAQ:MWYN) Stock Price Up 3.5% – Should You Buy?

Marwynn Holdings, Inc. (NASDAQ:MWYN)’s share price traded up 3.5% during trading on Thursday . The company traded as high as $0.8899 and last traded at $0.8801. 95,821 shares traded hands during trading, an increase of 15% from the average session volume of 83,042 shares. The stock had previously closed at $0.85.

Wall Street Analyst Weigh In

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

Marwynn Trading Up 3.5%

The company has a 50 day moving average of $0.74 and a 200 day moving average of $0.81. The firm has a market cap of $17.77 million, a price-to-earnings ratio of -1.76 and a beta of 3.93.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in shares of Marwynn in the second quarter valued at about $29,000. XTX Topco Ltd bought a new stake in Marwynn during the second quarter worth about $39,000. Jane Street Group LLC bought a new stake in Marwynn during the first quarter worth about $141,000. Finally, DRW Securities LLC bought a new stake in Marwynn during the fourth quarter worth about $38,000.

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.