Manitex International (NASDAQ:MNTX) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Manitex International (NASDAQ:MNTX) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the industrial products company’s stock.

Several other brokerages also recently issued reports on MNTX. Northland Securities reiterated a “market perform” rating and issued 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 cut Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th.

Manitex International Trading Up 0.2 %

Shares of Manitex International stock opened at $5.71 on Monday. The stock has a market capitalization of $116.47 million, a P/E ratio of 12.48 and a beta of 0.77. The company has a 50-day simple moving average of $5.40 and a 200 day simple moving average of $5.17. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 0.78. Manitex International has a 12-month low of $3.07 and a 12-month high of $9.16.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MNTX. Pacific Ridge Capital Partners LLC raised its position 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 worth $4,064,000 after acquiring an additional 2,871 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its position in Manitex International by 17.8% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 3,340 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Manitex International by 20.3% in the 1st 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 during the last quarter. First Eagle Investment Management LLC grew 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 worth $1,356,000 after buying an additional 8,500 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of 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 during the last quarter. 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.