Manitex International (NASDAQ:MNTX) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Manitex International (NASDAQ:MNTXGet Free Report) in a research note issued to investors on Saturday. The firm set a “hold” rating on the industrial products company’s stock.

Several other research analysts have also recently commented on the stock. Northland Securities restated a “market perform” rating and issued a $5.80 target price (down previously from $8.00) on shares of Manitex International in a research report on Friday, September 13th. Northland Capmk lowered Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th.

Check Out Our Latest Report on Manitex International

Manitex International Stock Performance

NASDAQ:MNTX opened at $5.70 on Friday. The firm has a market capitalization of $116.28 million, a P/E ratio of 10.96 and a beta of 0.76. The business has a 50 day simple moving average of $5.07 and a 200 day simple moving average of $5.18. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.55 and a quick ratio of 0.67. Manitex International has a 12-month low of $3.07 and a 12-month high of $9.16.

Manitex International (NASDAQ:MNTXGet Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $76.24 million during the quarter, compared to the consensus estimate of $75.23 million. Manitex International had a net margin of 3.56% and a return on equity of 18.79%. Equities research analysts predict that Manitex International will post 0.33 EPS for the current year.

Hedge Funds Weigh In On Manitex International

Several large investors have recently bought and sold shares of MNTX. Cutter & CO Brokerage Inc. raised its stake in shares of Manitex International by 17.8% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock worth $98,000 after buying an additional 3,340 shares in the last quarter. Marshall Wace LLP bought a new stake in Manitex International in the second quarter worth about $128,000. O Shaughnessy Asset Management LLC lifted its holdings in Manitex International by 20.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 5,853 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Manitex International by 2,049.4% in the 1st quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 64,187 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 16,433 shares in the last quarter. Institutional investors and hedge funds own 46.01% of the company’s stock.

Manitex International Company Profile

(Get Free Report)

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.

Further Reading

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