Mingteng International Co. Inc.’s Lock-Up Period Will Expire on October 15th (NASDAQ:MTEN)

Mingteng International’s (NASDAQ:MTEN) lock-up period will end on Tuesday, October 15th. Mingteng International had issued 1,050,000 shares in its IPO on April 18th. The total size of the offering was $4,200,000 based on an initial share price of $4.00. After the expiration of Mingteng International’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Mingteng International Stock Down 0.9 %

Shares of MTEN opened at $4.40 on Thursday. The stock has a 50-day moving average price of $4.56. Mingteng International has a one year low of $1.80 and a one year high of $7.13.

Institutional Trading of Mingteng International

An institutional investor recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC acquired a new position in shares of Mingteng International Co. Inc. (NASDAQ:MTEN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned 0.44% of Mingteng International at the end of the most recent quarter.

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.