Manitex International (NASDAQ:MNTX) Now Covered by StockNews.com

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

Other research analysts have also issued reports about the company. Northland Capmk lowered Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th. Northland Securities restated a “market perform” rating and set a $5.80 price target (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th.

Manitex International Stock Performance

NASDAQ:MNTX opened at $5.74 on Thursday. Manitex International has a fifty-two week low of $3.07 and a fifty-two week high of $9.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.64. The company has a 50 day simple moving average of $5.70 and a two-hundred day simple moving average of $5.11. The company has a market capitalization of $117.10 million, a PE ratio of 12.48 and a beta of 0.77.

Institutional Trading of Manitex International

A number of institutional investors have recently modified their holdings of the business. Oddo BHF Asset Management Sas bought a new stake in Manitex International during the third quarter valued at $69,000. Cutter & CO Brokerage Inc. raised its position in shares of Manitex International by 17.8% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock valued at $98,000 after buying an additional 3,340 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Manitex International during the 2nd quarter valued at about $128,000. Virtu Financial LLC bought a new stake in Manitex International in the third quarter worth $248,000. Finally, Empowered Funds LLC purchased a new position in Manitex International in the 3rd quarter worth approximately $480,000. 46.01% of the stock is currently owned by hedge funds and other 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.