Insider Selling: Marwynn (NASDAQ:MWYN) CEO Sells 1,777,230 Shares of Stock

Marwynn Holdings, Inc. (NASDAQ:MWYN) CEO Yin Yan sold 1,777,230 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $0.51, for a total transaction of $906,387.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Marwynn Trading Up 2.6%

NASDAQ:MWYN traded up $0.02 during trading hours on Friday, hitting $0.77. 58,084 shares of the company were exchanged, compared to its average volume of 1,692,778. The stock has a market capitalization of $13.12 million and a price-to-earnings ratio of -1.83. Marwynn Holdings, Inc. has a one year low of $0.71 and a one year high of $11.20. The company has a fifty day simple moving average of $1.06 and a 200 day simple moving average of $2.31. The company has a current ratio of 1.15, a quick ratio of 0.44 and a debt-to-equity ratio of 0.03.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Marwynn in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Marwynn

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Marwynn during the 1st quarter worth approximately $141,000. XTX Topco Ltd bought a new position in Marwynn during the second quarter worth $39,000. Finally, Bank of America Corp DE bought a new position in Marwynn during the second quarter worth $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.