Mingteng International (NASDAQ:MTEN) Stock Price Down 1.5% – Here’s Why

Mingteng International Corporation Inc. (NASDAQ:MTEN) fell 1.5% on Monday . The company traded as low as $1.80 and last traded at $1.96. 86,905 shares traded hands during trading, a decline of 26% from the average session volume of 118,184 shares. The stock had previously closed at $1.9894.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mingteng International in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Mingteng International Price Performance

The business has a 50-day moving average of $5.78 and a 200 day moving average of $10.58.

Hedge Funds Weigh In On Mingteng International

A hedge fund recently bought a new stake in Mingteng International stock. Nomura Holdings Inc. bought a new stake in shares of Mingteng International Corporation Inc. (NASDAQ:MTEN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,831 shares of the company’s stock, valued at approximately $75,000. Nomura Holdings Inc. owned about 0.22% of Mingteng International at the end of the most recent reporting period.

About Mingteng International

Mingteng International Corporation Inc engages in the design, development, production, assembly, testing, repair, and after-sale service of molds in the People's Republic of China. It offers casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts.