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.
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
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.
- Get a free copy of the StockNews.com research report on Manitex International (MNTX)
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