Wall Street Zen Downgrades Mingteng International (NASDAQ:MTEN) to Sell

Mingteng International (NASDAQ:MTEN) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mingteng International in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Mingteng International Trading Down 2.5%

NASDAQ:MTEN opened at $1.54 on Friday. The stock has a fifty day moving average price of $47.40 and a two-hundred day moving average price of $807.34. Mingteng International has a 1 year low of $1.47 and a 1 year high of $5,206.00.

Mingteng International Company Profile

Mingteng International Group Limited is a special-purpose acquisition company incorporated in the Cayman Islands with a focus on business combinations in the Greater China region. Sponsored by Guangdong Mingteng Investment Holdings Group Co, Ltd., the company completed its initial public offering on the NASDAQ under the ticker MTEN in early 2023. Its primary objective is to leverage sponsor expertise and industry relationships to identify and merge with businesses in high-growth sectors.

The company targets acquisitions across advanced manufacturing, new energy, healthcare, technology and related industries that exhibit strong growth potential.