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

Analysts at StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Manitex International Price Performance

Manitex International stock opened at $5.80 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.64. Manitex International has a one year low of $3.07 and a one year high of $8.60. The company has a market cap of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. The business has a fifty day moving average of $5.78 and a two-hundred day moving average of $5.31.

Manitex International (NASDAQ:MNTX) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. Manitex International had a net margin of 3.19% and a return on equity of 16.60%. The firm had revenue of $66.54 million for the quarter, compared to the consensus estimate of $69.97 million. As a group, analysts predict that Manitex International will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Manitex International

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in 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 worth $928,000 after purchasing an additional 3,601 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Manitex International in the 3rd quarter worth about $69,000. Renaissance Technologies LLC boosted its position in shares of 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 buying an additional 16,433 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its position in shares of Manitex International by 123.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock worth $278,000 after buying an additional 27,291 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Manitex International during the 2nd quarter valued at about $128,000. 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.