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

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

MNTX has been the topic of a number of other reports. Northland Capmk cut Manitex International from a “strong-buy” rating to a “hold” rating in a report 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 research report on Friday, September 13th.

Manitex International Price Performance

Shares of MNTX stock opened at $5.73 on Wednesday. The business has a fifty day simple moving average of $5.69 and a 200 day simple moving average of $5.13. The company has a market cap of $116.87 million, a P/E ratio of 12.46 and a beta of 0.77. 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.

Institutional Trading of Manitex International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC grew its position in Manitex International by 0.3% during 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. Cutter & CO Brokerage Inc. increased its stake in Manitex International by 17.8% in the 2nd 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 period. Geode Capital Management LLC boosted its stake in shares of Manitex International by 2.2% during the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock valued at $928,000 after purchasing an additional 3,601 shares during the period. 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 valued at $237,000 after buying an additional 5,853 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in 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 buying an additional 8,500 shares during the period. 46.01% of the stock is currently owned by institutional investors.

Manitex International Company Profile

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.