MingTeng International (MTEN, Financial) experienced significant stock price fluctuations, diving 5.43%. The stock is currently priced at $4.35 per share with a trading volume of 71,592 shares and a turnover rate of 1.15%, experiencing an amplitude of 5.90%.
Recent financial reports reveal that MTEN achieved a revenue of $1.15 million, a net profit of $212,659.97, an earnings per share (EPS) of $0.04, and a gross profit of $469,134.73. The price-to-earnings (P/E) ratio stands at 17.99.
No institutional ratings are available for MTEN, indicating a lack of "buy," "hold," or "sell" recommendations from analysts.
In the metal products sector, where MTEN operates, the overall decline was 0.79%. Notable gainers in the sector included Highwave Metal Processing, Tungray Technologies Inc, and Haynes International. Active stocks, apart from MTEN, were Composecure, Inc., and Allegheny Technologies, with turnover rates of 1.22%, 0.59%, and 0.37% respectively. Stocks with significant price fluctuations included MTEN, Tungray Technologies Inc, and Gulf Island Fabrication, showing amplitudes of 7.39%, 6.17%, and 5.31% respectively.
MingTeng International Co., Ltd. is a Chinese developer and supplier of automotive molds. Their product range includes turbocharger systems, brake systems, steering and differential systems, as well as molds for various automotive components. Additionally, they produce molds for electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, widely used in the automotive, construction machinery, and other manufacturing industries.
