Mingteng International Co. Inc.’s Lock-Up Period Will End Tomorrow (NASDAQ:MTEN)

Mingteng International’s (NASDAQ:MTEN) lock-up period will expire on Tuesday, October 15th. Mingteng International had issued 1,050,000 shares in its initial public offering 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, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Mingteng International Stock Up 2.5 %

Shares of MTEN stock opened at $4.49 on Monday. Mingteng International has a 1 year low of $1.80 and a 1 year high of $7.13. The company’s fifty day simple moving average is $4.60.

Institutional Investors Weigh In On Mingteng International

An institutional investor recently bought a new position in Mingteng International stock. Renaissance Technologies LLC bought a new position in Mingteng International Co. Inc. (NASDAQ:MTEN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned 0.44% of Mingteng International as of its most recent filing with the SEC.

Mingteng International Company Profile

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.