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

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

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

Manitex International Trading Up 0.7 %

Manitex International stock opened at $5.70 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.67 and a current ratio of 1.55. Manitex International has a fifty-two week low of $3.07 and a fifty-two week high of $9.16. The stock has a market cap of $116.28 million, a P/E ratio of 12.13 and a beta of 0.76. The firm’s fifty day moving average price is $4.65 and its 200-day moving average price is $5.29.

Manitex International (NASDAQ:MNTX) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $76.24 million for the quarter, compared to analyst estimates of $75.23 million. Manitex International had a return on equity of 18.79% and a net margin of 3.56%. Equities research analysts forecast 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 company. Pacific Ridge Capital Partners LLC boosted its stake in Manitex International by 0.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock worth $4,064,000 after buying an additional 2,871 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Manitex International in the 2nd quarter valued at $128,000. First Eagle Investment Management LLC grew its holdings in shares of Manitex International by 2.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock valued at $1,356,000 after purchasing an additional 8,500 shares during the last quarter. Renaissance Technologies LLC raised its position in Manitex International by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 16,433 shares during the period. Finally, Cutter & CO Brokerage Inc. lifted its stake in Manitex International by 17.8% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 3,340 shares during the last quarter. 46.01% of the stock is owned by hedge funds and other institutional investors.

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.