Manitex International (NASDAQ:MNTX) Receives New Coverage from Analysts at StockNews.com

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

MNTX has been the topic of several other research reports. Northland Securities reiterated a “market perform” rating and issued a $5.80 price target (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Northland Capmk cut Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th.

Manitex International Price Performance

NASDAQ MNTX opened at $5.56 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 0.78. Manitex International has a 52 week low of $3.07 and a 52 week high of $9.16. The firm has a market capitalization of $113.22 million, a P/E ratio of 11.83 and a beta of 0.75. The company has a 50-day moving average price of $4.52 and a 200-day moving average price of $5.33.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $76.24 million during the quarter, compared to analyst estimates of $75.23 million. Manitex International had a net margin of 3.56% and a return on equity of 18.79%. Equities research analysts anticipate that Manitex International will post 0.33 earnings per share for the current year.

Institutional Trading of Manitex International

Several hedge funds and other institutional investors have recently bought and sold shares of MNTX. Pacific Ridge Capital Partners LLC lifted its position in Manitex International by 0.3% during the second 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. grew its stake in Manitex International by 17.8% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 3,340 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in Manitex International by 1.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 307,868 shares of the industrial products company’s stock worth $2,112,000 after buying an additional 4,666 shares during the period. O Shaughnessy Asset Management LLC grew its position in Manitex International by 20.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 5,853 shares during the period. Finally, First Eagle Investment Management LLC raised its position in Manitex International by 2.9% during the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock valued at $1,356,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors 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.