Marwynn (NASDAQ:MWYN) Stock Price Down 3.4% – Should You Sell?

Marwynn Holdings, Inc. (NASDAQ:MWYN) shares traded down 3.4% on Friday . The company traded as low as $1.12 and last traded at $1.14. 100,195 shares changed hands during trading, a decline of 64% from the average session volume of 275,112 shares. The stock had previously closed at $1.18.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Marwynn in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Marwynn has a consensus rating of “Sell”.

Marwynn Stock Performance

The stock’s 50-day moving average price is $1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.44 and a current ratio of 1.15.

Marwynn (NASDAQ:MWYN) last issued its quarterly earnings results on Monday, September 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $2.34 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in shares of Marwynn during the second quarter valued at approximately $29,000. XTX Topco Ltd purchased a new position in shares of Marwynn during the second quarter valued at approximately $39,000. Finally, Jane Street Group LLC bought a new stake in Marwynn during the first quarter valued at 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.