Manitex International (NASDAQ:MNTX) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a research report report published on Friday morning. The brokerage issued a hold rating on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on MNTX. Northland Securities reissued a “market perform” rating and set a $5.80 target price (down previously from $8.00) on shares of Manitex International in a research report on Friday, September 13th. Northland Capmk downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th.

Manitex International Trading Up 0.2 %

Shares of NASDAQ MNTX opened at $5.70 on Friday. Manitex International has a 1-year low of $3.07 and a 1-year high of $9.16. The business has a fifty day moving average price of $4.86 and a 200 day moving average price of $5.19. The stock has a market capitalization of $116.28 million, a P/E ratio of 10.96 and a beta of 0.76. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.55 and a quick ratio of 0.67.

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

Institutional Investors Weigh In On Manitex International

Large investors have recently modified their holdings of the business. Pacific Ridge Capital Partners LLC boosted its stake in Manitex International by 0.3% in 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 in the last quarter. Marshall Wace LLP purchased a new position in shares of Manitex International in the second quarter worth $128,000. First Eagle Investment Management LLC lifted its stake in shares of Manitex International by 2.9% during the second 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. Renaissance Technologies LLC grew its holdings 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 valued at $629,000 after buying an additional 16,433 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. grew its holdings in shares of Manitex International by 17.8% during the second quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock valued at $98,000 after buying an additional 3,340 shares during the last quarter. 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.