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

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

A number of other equities research analysts have also recently commented on MNTX. Northland Capmk cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th. Northland Securities reissued a “market perform” rating and issued a $5.80 price objective (down from $8.00) on shares of Manitex International in a research note on Friday, September 13th.

Manitex International Price Performance

MNTX opened at $5.76 on Friday. Manitex International has a 12-month low of $3.07 and a 12-month high of $9.16. The stock has a fifty day simple moving average of $5.71 and a two-hundred day simple moving average of $5.08. The company has a market cap of $117.49 million, a price-to-earnings ratio of 12.52 and a beta of 0.77. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75.

Institutional Trading of Manitex International

A number of large investors have recently made changes to their positions in MNTX. De Lisle Partners LLP boosted its stake in Manitex International by 359.3% during the third quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock worth $6,776,000 after buying an additional 940,670 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in shares of 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 purchasing an additional 2,871 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Manitex International by 2.9% in 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 purchasing an additional 8,500 shares during the last quarter. Geode Capital Management LLC grew its holdings in Manitex International by 2.2% in the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock worth $928,000 after purchasing an additional 3,601 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Manitex International by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 16,433 shares during the last quarter. 46.01% of the stock is currently 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.