MTEN.us, the stock of Mingten International, experienced a significant drop of 5.06%. The share price is currently at $5.63 with a trading volume of 7,321 shares, a turnover rate of 0.12%, and a price fluctuation of 2.70%.
Recent financial reports reveal that Mingten International generated a revenue of $643,926.71, with a net loss of $36,842.11, translating to an earnings per share (EPS) of -$0.01. The company's gross profit stands at $194,185.16, with a price-to-earnings (P/E) ratio of 65.36. Notably, there are no current institutional ratings suggesting a "buy," "hold," or "sell" position on the stock.
The metal products industry, where Mingten International operates, saw an overall decline of 0.54%. Within this sector, notable gains were observed in Tungray Technologies Inc, Composecure Inc C/Wts 27/12/26 (To Pur Com), and Techprecision Corporation. Meanwhile, Safe & Green Holdings Corp., Muller Industries, and Carpenter Technology showed significant trading activity with turnover rates of 7.01%, 0.74%, and 0.50% respectively. Stocks with notable price fluctuations include Tungray Technologies Inc at 22.03%, Safe & Green Holdings Corp. at 17.59%, and Techprecision Corporation at 11.56%.
Mingten International is a Chinese developer and supplier of automotive molds. Their product range includes casting molds for turbocharger systems, braking systems, steering and differential systems, as well as molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components. These products are widely used in the automotive, engineering machinery, and other manufacturing industries.
