Manitex International (NASDAQ:MNTX) Rating Reiterated by Northland Securities

Manitex International (NASDAQ:MNTX)‘s stock had its “outperform” rating reiterated by investment analysts at Northland Securities in a report issued on Thursday, Benzinga reports. They currently have a $8.00 target price on the industrial products company’s stock, down from their prior target price of $10.00. Northland Securities’ price objective indicates a potential upside of 109.97% from the stock’s current price.

Manitex International Stock Performance

MNTX stock traded down $0.21 during trading on Thursday, reaching $3.81. The company had a trading volume of 67,873 shares, compared to its average volume of 69,391. Manitex International has a twelve month low of $3.72 and a twelve month high of $9.16. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.67 and a current ratio of 1.57. The company has a market cap of $77.59 million, a price-to-earnings ratio of 8.11 and a beta of 0.79. The firm has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $5.96.

Institutional Investors Weigh In On Manitex International

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in shares of Manitex International during the 4th quarter valued at about $27,000. Cutter & CO Brokerage Inc. purchased a new position in Manitex International in the 1st quarter valued at about $128,000. O Shaughnessy Asset Management LLC lifted its stake 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 buying an additional 5,853 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Manitex International by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after buying an additional 16,433 shares in the last quarter. Finally, Ancora Advisors LLC lifted its stake in Manitex International by 95.1% in the 1st quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock worth $1,183,000 after purchasing an additional 84,029 shares in the last quarter. 46.01% of the stock is currently owned by institutional investors and hedge funds.

About Manitex International

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.