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

StockNews.com initiated coverage on shares of Manitex International (NASDAQ:MNTX) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the industrial products company’s stock.

A number of other research analysts have also recently commented on the company. Northland Capmk cut Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th. Northland Securities reiterated 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.

Manitex International Stock Performance

MNTX opened at $5.70 on Friday. The company has a 50 day simple moving average of $5.29 and a two-hundred day simple moving average of $5.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.55 and a quick ratio of 0.67. The firm has a market cap of $116.28 million, a P/E ratio of 10.96 and a beta of 0.77. Manitex International has a 1-year low of $3.07 and a 1-year high of $9.16.

Manitex International (NASDAQ:MNTX) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Manitex International had a net margin of 3.56% and a return on equity of 18.79%. The company had revenue of $76.24 million during the quarter, compared to the consensus estimate of $75.23 million. Equities analysts forecast that Manitex International will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manitex International

Large investors have recently made changes to their positions in the company. Marshall Wace LLP bought a new position in Manitex International during the second quarter valued at approximately $128,000. First Eagle Investment Management LLC boosted its position 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 acquiring an additional 8,500 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Manitex International by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 5,853 shares in the last quarter. Russell Investments Group Ltd. grew its holdings 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 purchasing an additional 64,187 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in 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. 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.