Manitex International (NASDAQ:MNTX) Stock Passes Above Two Hundred Day Moving Average of $4.82

Manitex International, Inc. (NASDAQ:MNTX – Get Rating)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.82 and traded as high as $5.00. Manitex International shares last traded at $4.79, with a volume of 11,098 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Manitex International in a research report on Friday. They issued a “hold” rating for the company.

Manitex International Stock Down 3.2 %

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.55 and a quick ratio of 0.66. The business has a 50 day moving average price of $5.07 and a 200 day moving average price of $4.82. The firm has a market capitalization of $96.71 million, a P/E ratio of -22.81 and a beta of 0.63.

Manitex International (NASDAQ:MNTX – Get Rating) last issued its quarterly earnings results on Wednesday, March 8th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. Manitex International had a positive return on equity of 7.70% and a negative net margin of 1.81%. The firm had revenue of $78.82 million for the quarter, compared to analyst estimates of $78.80 million. On average, analysts predict that Manitex International, Inc. will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Eqis Capital Management Inc. bought a new stake in shares of Manitex International during the 1st quarter valued at $86,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Manitex International during the 4th quarter valued at $50,000. Envestnet Asset Management Inc. bought a new stake in shares of Manitex International during the 4th quarter valued at $54,000. HRT Financial LP bought a new stake in shares of Manitex International during the 4th quarter valued at $63,000. Finally, Millennium Management LLC bought a new stake in shares of Manitex International during the 4th quarter valued at $66,000. Institutional investors and hedge funds own 47.83% of the company’s stock.

About Manitex International

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Manitex International, Inc engages in the provision of engineered lifting solutions. It operates through the following operating units: Manitex, Badger, PM Group, Valla, and C&M. The firm products include cranes and machinery. The company was founded in 1993 and is headquartered in Bridgeview, IL.