StockNews.com Begins Coverage on Manitex International (NASDAQ:MNTX)

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

Several other brokerages 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 lowered Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th.

Manitex International Trading Down 0.2 %

Shares of MNTX stock opened at $5.72 on Friday. The stock’s fifty day simple moving average is $5.72 and its 200 day simple moving average is $5.07. Manitex International has a twelve month low of $3.07 and a twelve month high of $9.16. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $116.67 million, a P/E ratio of 12.44 and a beta of 0.77.

Institutional Investors Weigh In On Manitex International

A number of institutional investors and hedge funds have recently made changes to their positions in MNTX. Oddo BHF Asset Management Sas bought a new stake in shares of Manitex International in the 3rd quarter worth approximately $69,000. Virtu Financial LLC bought a new position in shares of Manitex International in the third quarter worth approximately $248,000. Geode Capital Management LLC raised its holdings in Manitex International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock valued at $928,000 after buying an additional 3,601 shares during the last quarter. De Lisle Partners LLP grew its holdings in Manitex International by 359.3% in the 3rd quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock worth $6,776,000 after acquiring an additional 940,670 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Manitex International during the third quarter valued at about $480,000. Hedge funds and other 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.