10 Micro-, Small-Cap Companies Lead Monday’s Charge

5. Mingteng International Corporation Inc. (NASDAQ:MTEN)

Mingteng International Corp. 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.

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, MTEN said that it was actively exploring business expansion overseas.

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.