From Yahoo Finance: 2025-04-22 09:39:00

On Monday, the stock market faced losses due to concerns over Trump’s tariff policies and Federal Reserve criticism. Nasdaq dropped 2.55%, Dow Jones 2.48%, and S&P 500 2.36%. Despite this, 10 companies, mostly micro- to small-cap stocks, saw gains. Mingteng International Corporation Inc. (NASDAQ:MTEN) rose 44.55% to $6.10, continuing its winning streak.

Mingteng International Corporation Inc. (NASDAQ:MTEN) is a China-based automotive mold developer and supplier. The company, founded in 2021, provides casting molds for various automotive system parts. Despite being publicly listed only since April 2021, MTEN has shown promise in the market with its recent gains.

In 2023, MTEN reported a net income of $1.51 million, down 29% from the previous year. However, revenues increased by 2.5% to $8.23 million. The company has yet to file its 2024 annual report. While MTEN ranks 5th among Monday’s top performers, investors are looking towards AI stocks for potentially higher returns in a shorter timeframe.



Read more at Yahoo Finance: Why Mingteng International Corporation Inc. (MTEN) Soared on Monday