Marwynn (NASDAQ:MWYN) Trading Down 4.7% – Time to Sell?

Marwynn Holdings, Inc. (NASDAQ:MWYN)’s share price dropped 4.7% during trading on Tuesday . The company traded as low as $0.8133 and last traded at $0.8193. 21,596 shares were traded during mid-day trading, a decline of 85% from the average session volume of 145,112 shares. The stock had previously closed at $0.86.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Marwynn in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Marwynn has an average rating of “Sell”.

Marwynn Stock Performance

The stock has a market capitalization of $16.54 million, a P/E ratio of -1.64 and a beta of 3.29. The stock has a 50 day moving average of $0.97 and a 200 day moving average of $0.85.

Institutional Trading of Marwynn

Several large investors have recently added to or reduced their stakes in MWYN. DRW Securities LLC acquired a new position in Marwynn during the 4th quarter worth $38,000. Jane Street Group LLC acquired a new position in shares of Marwynn during the first quarter valued at $141,000. XTX Topco Ltd acquired a new position in shares of Marwynn during the second quarter valued at $39,000. Finally, Bank of America Corp DE bought a new stake in shares of Marwynn during the second quarter valued at about $29,000.

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.