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 Tuesday. The brokerage issued a hold rating on the industrial products company’s stock.

Several other analysts have also weighed in on the stock. Northland Securities reaffirmed a market perform rating and set a $5.80 price objective (down previously from $8.00) on shares of Manitex International in a report 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 Price Performance

Shares of MNTX stock opened at $5.62 on Tuesday. The stock’s fifty day simple moving average is $4.56 and its 200 day simple moving average is $5.33. Manitex International has a one year low of $3.07 and a one year high of $9.16. The firm has a market cap of $114.65 million, a price-to-earnings ratio of 11.96 and a beta of 0.75. 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 issued its earnings results on Wednesday, August 7th. The industrial products company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $76.24 million for 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%. On average, analysts expect that Manitex International will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Manitex International

Large investors have recently modified their holdings of the stock. First Eagle Investment Management LLC raised its position 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 acquiring an additional 8,500 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Manitex International by 20.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 5,853 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Manitex International by 2,049.4% during the 1st 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 during the period. Cutter & CO Brokerage Inc. bought a new position in shares of Manitex International in the 1st quarter valued at about $128,000. Finally, Ancora Advisors LLC boosted its stake in shares of Manitex International by 95.1% in the 1st quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock valued at $1,183,000 after purchasing an additional 84,029 shares during the last quarter. 46.01% of the stock is currently owned by institutional investors and hedge funds.

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.