Manitex International (NASDAQ:MNTX) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX) in a research note released on Wednesday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Manitex International Stock Up 0.2 %

Shares of Manitex International stock opened at $5.80 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. Manitex International has a 1-year low of $3.07 and a 1-year high of $8.60. The business has a 50-day moving average of $5.77 and a 200-day moving average of $5.24. The company has a market capitalization of $118.30 million, a PE ratio of 12.61 and a beta of 0.77.

Manitex International (NASDAQ:MNTX) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Manitex International had a return on equity of 16.60% and a net margin of 3.19%. The company had revenue of $66.54 million for the quarter, compared to analyst estimates of $69.97 million. As a group, equities analysts forecast that Manitex International will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Manitex International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 16,433 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Manitex International in the 2nd quarter worth approximately $128,000. Pacific Ridge Capital Partners LLC increased its holdings in shares of Manitex International by 0.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after acquiring an additional 2,871 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Manitex International by 123.7% during the third quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 27,291 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Manitex International during the third quarter worth $480,000. Institutional investors own 46.01% of the company’s stock.

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.