Mingteng International Raises US$18 Million Via ATM Share Sales, Leaves US$79.4 Million Capacity
TipRanks (Wed, 21-Jan 4:36 PM ET)
Globe Newswire (Wed, 14-Jan 9:00 AM ET)
Globe Newswire (Mon, 12-Jan 9:00 AM ET)
Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides an extensive product lineup including casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in the automobile, construction machinery, and other manufacturing industries.
Mingteng International - Class A trades on the NASDAQ stock market under the symbol MTEN.
As of January 21, 2026, MTEN stock price was flat at $0.03 with 36,960,599 million shares trading.
MTEN has a beta of 2.44, meaning it tends to be more sensitive to market movements. MTEN has a correlation of 0.02 to the broad based SPY ETF.
MTEN has a market cap of $5.49 million. This is considered a Sub-Micro Cap stock.
MTEN has underperformed the market in the last year with a price return of -99.5% while the SPY ETF gained +15.9%. MTEN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -99.4% and -96.6%, respectively, while the SPY returned +2.4% and -0.9%, respectively.
MTEN support price is $.03 and resistance is $.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTEN shares will trade within this expected range on the day.