Mingteng International’s (NASDAQ:MTEN – Get Free Report) 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 – Free Report) 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.
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