Marwynn (NASDAQ:MWYN – Get Free Report) issued its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. Marwynn had a negative return on equity of 28.92% and a negative net margin of 24.74%.The firm had revenue of $1.09 million during the quarter.
Marwynn Price Performance
MWYN stock opened at $0.94 on Wednesday. Marwynn has a fifty-two week low of $0.45 and a fifty-two week high of $1.44. The business has a fifty day moving average price of $0.97 and a 200 day moving average price of $0.88. The stock has a market capitalization of $18.98 million, a price-to-earnings ratio of -13.43 and a beta of 3.81.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated 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, According to MarketBeat.com, Marwynn presently has a consensus rating of “Sell”.
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.
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