Latest news with #MTEN
Business Insider
3 days ago
- Business
- Business Insider
Mingteng International files $100M mixed securities shelf
16:07 EDT Mingteng International (MTEN) files $100M mixed securities shelf Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
22-04-2025
- Automotive
- Yahoo
Why Mingteng International Corporation Inc. (MTEN) Soared on Monday
We recently compiled a list of the . In this article, we are going to take a look at where Mingteng International Corporation Inc. (NASDAQ:MTEN) stands against the other stocks. The stock market ended the first trading day of the week in the negative territory, with all major indices recording hefty losses, as investors continued to digest the impact of President Donald Trump's tariff policies and his criticism of the Federal Reserve. The tech-heavy Nasdaq fell the hardest among the major indices, down 2.55 percent, followed by the Dow Jones at 2.48 percent, and the S&P 500 at 2.36 percent. Meanwhile, 10 companies bucked a broader market bloodbath, recording strong gains during the day. We have listed the 10 top-performing companies, dominated by micro- to small-cap stocks, and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with less than $1 billion in market capitalization. A warehouse storing electronic components and other materials used for manufacturing services. Mingteng International Corporation Inc. (NASDAQ:MTEN) extended its winning streak for a second straight day, adding 44.55 percent to close Monday's trading at $6.10 apiece as investors appeared to have hunted for bargains from last week's cheap valuations. Mingteng International Corporation Inc. (NASDAQ:MTEN) is an automotive mold developer and supplier in China, which was only listed publicly on the US stock exchange in April last year. It provides casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts. The company, headquartered in Wuxi, China, was founded on September 20, 2021, by Ying Kai Xu. In its market debut last year, Mingteng International Corporation Inc. (NASDAQ:MTEN) said that it was actively exploring business expansion overseas. Mingteng International Corporation Inc. (NASDAQ:MTEN) has yet to file its annual report for 2024. In 2023, MTEN reported a net income of $1.51 million, lower by 29 percent than the $2.13 million registered in 2022. Revenues, however, were higher by 2.5 percent at $8.23 million versus the $8.03 million in 2022. Overall MTEN ranks 5th on our list of Monday's top performers. While we acknowledge the potential of MTEN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MTEN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
