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 Tuesday morning. The brokerage issued a hold rating on the industrial products company’s stock.

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

Manitex International Stock Performance

NASDAQ:MNTX opened at $5.74 on Tuesday. The company has a market capitalization of $117.10 million, a PE ratio of 12.46 and a beta of 0.77. The company has a 50 day simple moving average of $5.68 and a two-hundred day simple moving average of $5.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.64. Manitex International has a fifty-two week low of $3.07 and a fifty-two week high of $9.16.

Institutional Trading of Manitex International

Several hedge funds have recently bought and sold shares of the business. Cutter & CO Brokerage Inc. boosted its holdings 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 during the last quarter. Marshall Wace LLP purchased a new position in shares of Manitex International in the 2nd quarter worth about $128,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of 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 worth $237,000 after buying an additional 5,853 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Manitex International in the 3rd quarter worth about $248,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of 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 worth $462,000 after buying an additional 64,187 shares during the last quarter. Institutional investors and hedge funds 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.