Marwynn Holdings, Inc.’s Lock-Up Period Will 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 initial public offering 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 the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Marwynn Price Performance

Shares of MWYN stock opened at $0.88 on Friday. The company’s 50 day simple moving average is $1.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.83 and a current ratio of 1.53. Marwynn has a 52-week low of $0.71 and a 52-week high of $11.20.

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

Institutional Investors Weigh In On Marwynn

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