Manitex International (NASDAQ:MNTX) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a research note issued on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

MNTX has been the topic of a number of other reports. Northland Securities reissued 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 Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th.

Manitex International Stock Down 0.2 %

MNTX stock opened at $5.79 on Friday. The company has a market cap of $118.10 million, a PE ratio of 12.59 and a beta of 0.77. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. Manitex International has a 52 week low of $3.07 and a 52 week high of $8.60. The business has a 50-day simple moving average of $5.73 and a 200 day simple moving average of $5.09.

Institutional Trading of Manitex International

Several large investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas bought a new position in Manitex International during the third quarter worth $69,000. Virtu Financial LLC acquired a new position in shares of Manitex International during the third quarter valued at about $248,000. Geode Capital Management LLC boosted its position in shares of Manitex International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock worth $928,000 after purchasing an additional 3,601 shares in the last quarter. De Lisle Partners LLP grew its stake in shares of 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 valued at $6,776,000 after buying an additional 940,670 shares during the period. Finally, Empowered Funds LLC bought a new stake in Manitex International in the 3rd quarter valued at about $480,000. 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.