Mingteng International Corporation Inc (NASDAQ: MTEN) Stock: Boom Or Bust? What Happens Next?

During the last session, Mingteng International Corporation Inc (NASDAQ:MTEN)’s traded shares were 0.2 million, with the beta value of the company hitting -0.66. At the end of the trading day, the stock’s price was $4.22, reflecting an intraday gain of 17.22% or $0.62. The 52-week high for the MTEN share is $9.87, that puts it down -133.89 from that peak though still a striking 57.35% gain since the share price plummeted to a 52-week low of $1.80. The company’s market capitalization is $26.21M, and the average intraday trading volume over the past 10 days was 0.16 million shares, and the average trade volume was 158.35K shares over the past three months.

Mingteng International Corporation Inc (NASDAQ:MTEN) trade information

Mingteng International Corporation Inc (MTEN) registered a 17.22% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 17.22% in intraday trading to $4.22, hitting a weekly high. The stock’s 5-day price performance is -6.22%, and it has moved by -18.06% in 30 days. The short interest in Mingteng International Corporation Inc (NASDAQ:MTEN) is 0.54 million shares and it means that shorts have 2.23 day(s) to cover.

MTEN Dividends

Mingteng International Corporation Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Mingteng International Corporation Inc (NASDAQ:MTEN)’s Major holders

Mingteng International Corporation Inc insiders own 73.30% of total outstanding shares while institutional holders control 0.82%, with the float percentage being 3.07%.