Manitex International (NASDAQ:MNTX) Coverage Initiated by Analysts at StockNews.com

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

A number of other equities research analysts have also recently commented on the company. Northland Securities reiterated a “market perform” rating and set a $5.80 target price (down from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Northland Capmk lowered 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

Shares of Manitex International stock opened at $5.73 on Tuesday. The business’s fifty day simple moving average is $5.56 and its 200 day simple moving average is $5.18. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. Manitex International has a 12 month low of $3.07 and a 12 month high of $9.16. The firm has a market capitalization of $116.89 million, a P/E ratio of 12.46 and a beta of 0.77.

Hedge Funds Weigh In On Manitex International

Several institutional investors and hedge funds have recently bought and sold shares of MNTX. Russell Investments Group Ltd. raised its stake in shares of 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 buying an additional 64,187 shares during the period. O Shaughnessy Asset Management LLC raised its stake in 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 valued at $237,000 after acquiring an additional 5,853 shares during the period. Ancora Advisors LLC lifted its holdings in Manitex International by 95.1% during the first quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock valued at $1,183,000 after purchasing an additional 84,029 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in Manitex International by 17.8% during the second 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. Finally, Renaissance Technologies LLC boosted its position in Manitex International by 13.1% during 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 during the period. 46.01% of the stock is owned by institutional investors.

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.