Manitex International (NASDAQ:MNTX) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTXGet Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Manitex International Stock Up 0.2 %

Shares of MNTX opened at $5.80 on Thursday. Manitex International has a 1 year low of $3.07 and a 1 year high of $8.60. 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 has a 50 day simple moving average of $5.77 and a two-hundred day simple moving average of $5.30. The firm has a market cap of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77.

Manitex International (NASDAQ:MNTXGet Free Report) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $66.54 million for the quarter, compared to analyst estimates of $69.97 million. Manitex International had a net margin of 3.19% and a return on equity of 16.60%. On average, analysts forecast that Manitex International will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Manitex International

A number of large investors have recently bought and sold shares of MNTX. Renaissance Technologies LLC increased its position in shares of Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 16,433 shares during the period. Marshall Wace LLP bought a new stake in shares of Manitex International in the second quarter worth about $128,000. Cutter & CO Brokerage Inc. increased its holdings in Manitex International by 123.7% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 27,291 shares during the period. Empowered Funds LLC bought a new position in Manitex International during the 3rd quarter valued at approximately $480,000. Finally, De Lisle Partners LLP lifted 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 buying an additional 940,670 shares during the period. 46.01% of the stock is owned by hedge funds and other institutional investors.

About Manitex International

(Get Free Report)

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.

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