Mingteng International Co. Inc.’s (NASDAQ:MTEN) Quiet Period Will Expire on May 28th

Mingteng International’s (NASDAQ:MTEN) quiet period is set to expire on Tuesday, May 28th. Mingteng International had issued 1,275,000 shares in its IPO on April 18th. The total size of the offering was $5,100,000 based on an initial share price of $4.00. During Mingteng International’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Mingteng International Trading Up 2.8 %

NASDAQ:MTEN opened at $6.09 on Thursday. Mingteng International has a 52 week low of $3.00 and a 52 week high of $7.13.

Mingteng International Company Profile

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.