Mingteng International Announces Reverse Stock Split, Stock Falls 22%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 23 Jan 26
Mingteng International Corp Inc (MTEN) has announced a 1-for-200 reverse stock split, set to take effect on January 26, 2026, which will significantly reduce the number of outstanding shares. Following this announcement, the stock price dropped by 22% in pre-market trading, reflecting investor concerns about the company's future prospects and potentially weakening market confidence. The reverse split aims to reduce the float and increase the share price to meet exchange listing requirements, but such moves are often viewed as indicators of financial distress, which could negatively impact the company's image.
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About MTEN
Mingteng International Corp Inc is a holding company principally engaged in the development and supply of automobile casting molds. The Company's main products include casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, the Company also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are used in automobile, construction machinery and other manufacturing industries. The Company also provides product design service, product repair service, machining service, and after-sale service. The Company mainly conducts its businesses within China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
