Manitex International (NASDAQ:MNTX) Earns Hold Rating from Analysts at StockNews.com

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

Several other analysts also recently commented on the stock. Northland Capmk downgraded 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 previously from $8.00) on shares of Manitex International in a report on Friday, September 13th.

Manitex International Stock Performance

Manitex International stock opened at $5.76 on Monday. Manitex International has a twelve month low of $3.07 and a twelve month high of $9.16. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $117.50 million, a P/E ratio of 12.52 and a beta of 0.77. The stock’s 50 day moving average is $5.44 and its 200 day moving average is $5.17.

Institutional Trading of Manitex International

A number of large investors have recently made changes to their positions in MNTX. Cutter & CO Brokerage Inc. boosted its holdings 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. Marshall Wace LLP bought a new stake in shares of Manitex International in the second quarter worth $128,000. O Shaughnessy Asset Management LLC increased its position in Manitex International by 20.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 5,853 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Manitex International by 2,049.4% in the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 64,187 shares during the period. Finally, Empowered Funds LLC purchased a new position in Manitex International in the third quarter worth about $480,000. 46.01% of the stock is currently owned by 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.