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

by · The Markets Daily

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

Other equities analysts have also recently issued research reports about the stock. Northland Capmk cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th. Northland Securities reiterated a “market perform” rating and set a $5.80 price target (down from $8.00) on shares of Manitex International in a report on Friday, September 13th.

Check Out Our Latest Stock Report on Manitex International

Manitex International Stock Up 0.2 %

MNTX opened at $5.80 on Friday. Manitex International has a fifty-two week low of $3.07 and a fifty-two week high of $8.60. The firm has a market capitalization of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. The company’s 50-day moving average is $5.73 and its 200 day moving average is $5.10. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66.

Institutional Trading of Manitex International

A number of large investors have recently added to or reduced their stakes in the stock. Oddo BHF Asset Management Sas purchased a new position in Manitex International in the third quarter valued at about $69,000. Marshall Wace LLP bought a new stake in shares of Manitex International in the 2nd quarter worth approximately $128,000. Virtu Financial LLC bought a new stake in shares of Manitex International in the 3rd quarter worth approximately $248,000. Cutter & CO Brokerage Inc. lifted its stake in Manitex International by 123.7% in the third quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 27,291 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Manitex International during the third quarter valued at $480,000. Hedge funds and other institutional investors own 46.01% of the company’s stock.

Manitex International Company Profile

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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.

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