Marwynn (NASDAQ:MWYN) Stock Price Down 2.7% – Should You Sell?

Marwynn Holdings, Inc. (NASDAQ:MWYN)’s share price traded down 2.7% on Friday . The stock traded as low as $1.04 and last traded at $1.08. 157,541 shares changed hands during trading, a decline of 48% from the average daily volume of 303,586 shares. The stock had previously closed at $1.11.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Marwynn in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Marwynn Trading Down 2.7%

The stock has a fifty day moving average of $0.85 and a two-hundred day moving average of $0.84. The company has a market capitalization of $21.81 million, a PE ratio of -2.16 and a beta of 3.93.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MWYN. XTX Topco Ltd purchased a new position in shares of Marwynn during the second quarter worth approximately $39,000. Jane Street Group LLC purchased a new stake in shares of Marwynn in the 1st quarter valued at $141,000. DRW Securities LLC purchased a new stake in shares of Marwynn in the 4th quarter valued at $38,000. Finally, Bank of America Corp DE bought a new position in shares of Marwynn during the 2nd 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.