Manitex International (NASDAQ:MNTX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the industrial products company’s stock.

Several other analysts have also recently commented on MNTX. Northland Securities reiterated a market perform rating and set a $5.80 price target (down from $8.00) on shares of Manitex International in a research report on Friday, September 13th. Northland Capmk cut Manitex International from a strong-buy rating to a hold rating in a research report on Friday, September 13th.

Manitex International Trading Down 0.4 %

Shares of Manitex International stock opened at $5.67 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 0.78. Manitex International has a twelve month low of $3.07 and a twelve month high of $9.16. The firm has a market capitalization of $115.67 million, a PE ratio of 10.90 and a beta of 0.76. The firm’s 50-day moving average price is $4.72 and its 200 day moving average price is $5.25.

Manitex International (NASDAQ:MNTX) last released its earnings results on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $76.24 million for the quarter, compared to the consensus estimate of $75.23 million. Manitex International had a return on equity of 18.79% and a net margin of 3.56%. On average, sell-side analysts predict that Manitex International will post 0.33 EPS for the current fiscal year.

Institutional Trading of Manitex International

Large investors have recently made changes to their positions in the company. Ancora Advisors LLC grew its holdings 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 valued at $1,183,000 after buying an additional 84,029 shares in the last quarter. Russell Investments Group Ltd. grew 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 buying an additional 64,187 shares in the last quarter. Marshall Wace LLP purchased a new stake in Manitex International in the 2nd quarter valued at $128,000. Cutter & CO Brokerage Inc. purchased a new stake in Manitex International in the 1st quarter valued at $128,000. Finally, Renaissance Technologies LLC grew its holdings 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. 46.01% of the stock is currently owned by hedge funds and other institutional investors.

Manitex International Company Profile

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.