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

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

Several other research analysts have also recently issued reports on MNTX. Northland Securities restated 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. 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 Price Performance

NASDAQ MNTX opened at $5.80 on Monday. The company has a market cap of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. The stock’s fifty day moving average price is $5.74 and its 200 day moving average price is $5.12. Manitex International has a 1 year low of $3.07 and a 1 year high of $8.60.

Hedge Funds Weigh In On Manitex International

Institutional investors and hedge funds have recently modified their holdings of the stock. De Lisle Partners LLP grew its holdings 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 acquiring an additional 940,670 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in shares of Manitex International by 0.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock worth $4,064,000 after purchasing an additional 2,871 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Manitex International by 2.9% during the 2nd 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Manitex International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock valued at $928,000 after purchasing an additional 3,601 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings 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 buying an additional 16,433 shares in the last quarter. Institutional investors and hedge funds 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.