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

Research analysts at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a research note issued on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the stock. Northland Securities reaffirmed a “market perform” rating and issued a $5.80 price target (down from $8.00) on shares of Manitex International in a 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.

Manitex International Stock Performance

Shares of MNTX opened at $5.65 on Tuesday. The stock has a 50-day moving average of $4.54 and a two-hundred day moving average of $5.33. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.67 and a current ratio of 1.55. The stock has a market cap of $115.06 million, a P/E ratio of 12.02 and a beta of 0.75. Manitex International has a one year low of $3.07 and a one year high of $9.16.

Manitex International (NASDAQ:MNTX) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Manitex International had a return on equity of 18.79% and a net margin of 3.56%. The firm had revenue of $76.24 million for the quarter, compared to analyst estimates of $75.23 million. As a group, research analysts predict that Manitex International will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MNTX. Ancora Advisors LLC grew its position in shares of Manitex International by 95.1% during the 1st quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock valued at $1,183,000 after acquiring an additional 84,029 shares during the period. Russell Investments Group Ltd. grew its holdings in Manitex International by 2,049.4% in the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 64,187 shares during the period. Marshall Wace LLP purchased a new stake in shares of Manitex International in the second quarter valued at approximately $128,000. Cutter & CO Brokerage Inc. acquired a new position in shares of Manitex International during the 1st quarter worth approximately $128,000. Finally, Renaissance Technologies LLC lifted 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 buying an additional 16,433 shares in the last quarter. Institutional investors and hedge funds own 46.01% of the company’s stock.

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.