Mingteng International Co. Inc.’s (NASDAQ:MTEN) Lock-Up Period Will Expire on October 15th

Mingteng International’s (NASDAQ:MTEN) lock-up period is set to expire on Tuesday, October 15th. Mingteng International had issued 1,050,000 shares in its public offering on April 18th. The total size of the offering was $4,200,000 based on an initial share price of $4.00. After the expiration of Mingteng International’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Mingteng International Stock Performance

Shares of Mingteng International stock opened at $4.41 on Tuesday. Mingteng International has a twelve month low of $1.80 and a twelve month high of $7.13. The firm has a fifty day moving average price of $4.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC bought a new stake in Mingteng International Co. Inc. (NASDAQ:MTEN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned about 0.44% of Mingteng International at the end of the most recent quarter.

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.