Market Recap: Mingteng International Corporation Inc (MTEN)’s Negative Momentum, Closing at 6.49

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The closing price of Mingteng International Corporation Inc (NASDAQ: MTEN) was $6.49 for the day, down -15.82% from the previous closing price of $7.71. In other words, the price has decreased by -$15.82 from its previous closing price. On the day, 0.85 million shares were traded. MTEN stock price reached its highest trading level at $9.05 during the session, while it also had its lowest trading level at $6.2.

Ratios:

Our analysis of MTEN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.84. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTEN now has a Market Capitalization of 44389004 and an Enterprise Value of 40343276. Its current Enterprise Value per Revenue stands at 4.415 whereas that against EBITDA is 32.409.

Stock Price History:

Over the past 52 weeks, MTEN has reached a high of $9.87, while it has fallen to a 52-week low of $1.80. The 50-Day Moving Average of the stock is 19.28%, while the 200-Day Moving Average is calculated to be 29.13%.

Shares Statistics:

MTEN traded an average of 94.96K shares per day over the past three months and 303570 shares per day over the past ten days. A total of 6.21M shares are outstanding, with a floating share count of 1.66M. Insiders hold about 73.30% of the company’s shares, while institutions hold 0.82% stake in the company. Shares short for MTEN as of 1740700800 were 40480 with a Short Ratio of 0.43, compared to 1738281600 on 2384. Therefore, it implies a Short% of Shares Outstanding of 40480 and a Short% of Float of 1.77.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

Earnings Estimates

The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.

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