News stories about Manitex International (NASDAQ:MNTX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Manitex International earned a news impact score of 0.23 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 47.2651018674247 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Manitex International (MNTX) traded up $0.34 during mid-day trading on Friday, hitting $11.89. The stock had a trading volume of 37,571 shares, compared to its average volume of 74,241. The company has a quick ratio of 0.64, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $181.79, a price-to-earnings ratio of -9.04 and a beta of 1.64. Manitex International has a fifty-two week low of $6.21 and a fifty-two week high of $12.04.
Several equities research analysts have weighed in on MNTX shares. Zacks Investment Research cut Manitex International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Roth Capital upgraded Manitex International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $10.00 to $11.00 in a research note on Thursday, February 8th.
About Manitex International
Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.
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