Mingteng International (NASDAQ:MTEN) Shares Up 2.3% – Here’s Why

Mingteng International Corporation Inc. (NASDAQ:MTEN)’s share price rose 2.3% during trading on Tuesday . The stock traded as high as $6.52 and last traded at $6.34. Approximately 334,421 shares changed hands during trading, an increase of 339% from the average daily volume of 76,196 shares. The stock had previously closed at $6.20.

Mingteng International Stock Up 2.3%

The business has a 50 day moving average price of $12.27 and a two-hundred day moving average price of $10.93.

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 stake in shares of Mingteng International Corporation Inc. (NASDAQ:MTEN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

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.