Marwynn Holdings, Inc.’s Lock-Up Period Set To Expire on September 9th (NASDAQ:MWYN)

Marwynn’s (NASDAQ:MWYN) lock-up period is set to expire on Tuesday, September 9th. Marwynn had issued 2,000,000 shares in its IPO on March 13th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the expiration of Marwynn’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Marwynn Price Performance

Shares of MWYN opened at $0.83 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. Marwynn has a one year low of $0.71 and a one year high of $11.20. The company’s fifty day simple moving average is $1.24.

Marwynn (NASDAQ:MWYN) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $2.91 million during the quarter.

Institutional Investors Weigh In On Marwynn

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in shares of Marwynn in the 2nd quarter valued at approximately $29,000. XTX Topco Ltd acquired a new stake in shares of Marwynn during the 2nd quarter worth approximately $39,000. Finally, Jane Street Group LLC acquired a new stake in shares of Marwynn during the 1st quarter worth approximately $141,000.

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.