The stock of Mingteng International (MTEN, Financial) saw a significant rise of 5.09%, with its share price reaching $8.47. The trading volume recorded was 12,292 shares, translating to a turnover rate of 0.20% and a price fluctuation of 6.95%.
Recent financial reports indicate that Mingteng International achieved a revenue of $643,926.71, with a net loss of $36,842.11 and an earnings per share (EPS) of -$0.01. The company reported a gross profit of $194,185.16 and has a price-to-earnings (P/E) ratio of 97.81. Currently, there are no institutional ratings suggesting a "Buy," "Hold," or "Sell" for this stock.
Within the metal products industry, where Mingteng International operates, the overall growth was 0.08%. Notable gainers alongside Mingteng International include Worthington Enterprises, Inc. and Proto Labs, Inc. Meanwhile, Safe & Green Holdings Corp., Allegheny Technologies, and Haynes International showed notable trading activity with turnover rates of 183.53%, 0.60%, and 0.57%, respectively. Stocks such as Safe & Green Holdings Corp., Ryerson Holding Corporation, and Techprecision Corporation experienced significant price fluctuations, with amplitudes of 16.71%, 11.78%, and 7.47%, respectively.
About the company: Mingteng International is a Chinese developer and supplier of automotive molds. Their extensive product lineup includes molds for turbocharger systems, braking systems, steering and differential systems, as well as components for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic elements. These products are widely used in automotive manufacturing, engineering machinery, and other sectors.
