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

Research analysts at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTXGet Free Report) in a research note issued on Monday. The firm set a “hold” rating on the industrial products company’s stock.

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

Get Our Latest Report on Manitex International

Manitex International Price Performance

Shares of MNTX opened at $5.71 on Monday. The stock has a market cap of $116.48 million, a P/E ratio of 12.41 and a beta of 0.77. Manitex International has a 1 year low of $3.07 and a 1 year high of $9.16. The stock’s 50-day moving average price is $5.37 and its two-hundred day moving average price is $5.17. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 0.78.

Institutional Investors Weigh In On Manitex International

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC acquired a new position in shares of Manitex International in the 3rd quarter valued at approximately $480,000. Ancora Advisors LLC increased its position in shares of Manitex International by 95.1% during the first quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock worth $1,183,000 after acquiring an additional 84,029 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Manitex International by 2,049.4% during the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 64,187 shares during the period. Marshall Wace LLP acquired a new stake in shares of Manitex International during the second quarter worth $128,000. Finally, Cutter & CO Brokerage Inc. lifted its position in 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 valued at $278,000 after acquiring an additional 27,291 shares in the last quarter. Institutional investors and hedge funds own 46.01% of the company’s stock.

About Manitex International

(Get Free Report)

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.

Further Reading

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