Mingteng International (NASDAQ:MTEN) Issues Quarterly Earnings Results

Mingteng International (NASDAQ:MTEN) issued its earnings results on Friday. The company reported ($1.26) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.75 million during the quarter.

Mingteng International Stock Down 1.0%

Shares of NASDAQ MTEN traded down $0.00 during midday trading on Friday, reaching $0.35. 68,607 shares of the stock were exchanged, compared to its average volume of 1,937,549. The company has a 50 day simple moving average of $0.88 and a 200 day simple moving average of $1.26. Mingteng International has a twelve month low of $0.27 and a twelve month high of $432.00.

Analyst Ratings Changes

Several research analysts have recently commented on MTEN shares. Weiss Ratings lowered Mingteng International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 25th. Wall Street Zen lowered shares of Mingteng International from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Mingteng International presently has an average rating of “Sell”.

About Mingteng International

Mingteng International Corporation Limited (NASDAQ: MTEN) is a China-based manufacturer focused primarily on automotive molds, dies and metal components. The company designs and produces tooling used in vehicle manufacturing, as well as stamped and machined parts for automotive applications. Its product and service capabilities include the development and manufacture of automotive stamping dies, metal body and structural components, and related precision parts. Mingteng International also provides supporting processes such as stamping, welding, machining and assembly, serving the production needs of automobile manufacturers and automotive component suppliers.