Mingteng International (NASDAQ:MTEN) Shares Down 0.5% – Should You Sell?

Mingteng International Corporation Inc. (NASDAQ:MTEN) shares fell 0.5% on Tuesday . The company traded as low as $0.99 and last traded at $1.08. 222,024 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 139,179 shares. The stock had previously closed at $1.0850.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mingteng International in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mingteng International presently has a consensus rating of “Sell”.

Mingteng International Stock Down 0.5%

The stock’s fifty day moving average price is $3.08 and its 200-day moving average price is $9.31.

Institutional Investors Weigh In On Mingteng International

An institutional investor recently bought a new position in Mingteng International stock. Nomura Holdings Inc. purchased a new position in Mingteng International Corporation Inc. (NASDAQ:MTEN) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,831 shares of the company’s stock, valued at approximately $75,000. Nomura Holdings Inc. owned 0.22% of Mingteng International at the end of the most recent reporting period.

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.