StockNews.com Begins Coverage on Manitex International (NASDAQ:MNTX)

StockNews.com began coverage on shares of Manitex International (NASDAQ:MNTX) in a report released on Friday. The brokerage set a “hold” rating on the industrial products company’s stock.

A number of other research firms have also weighed in on MNTX. Northland Capmk lowered shares of Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th. Northland Securities reiterated a “market perform” rating and set a $5.80 price objective (down previously from $8.00) on shares of Manitex International in a report on Friday, September 13th.

Manitex International Price Performance

MNTX stock opened at $5.76 on Friday. The firm has a 50-day moving average price of $5.71 and a 200-day moving average price of $5.08. The stock has a market capitalization of $117.49 million, a P/E ratio of 12.52 and a beta of 0.77. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. Manitex International has a 12 month low of $3.07 and a 12 month high of $9.16.

Institutional Investors Weigh In On Manitex International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC boosted its position 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 purchasing an additional 2,871 shares during the last quarter. Cutter & CO Brokerage Inc. increased its holdings in shares of 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 period. Geode Capital Management LLC boosted its position in shares of Manitex International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock valued at $928,000 after acquiring an additional 3,601 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Manitex International by 2.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock worth $1,356,000 after buying an additional 8,500 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Manitex International during the third quarter worth about $69,000. 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.