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

Investment analysts at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

MNTX has been the topic of several other research reports. Northland Securities restated a “market perform” rating and set a $5.80 target price (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Northland Capmk downgraded shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th.

Manitex International Trading Down 0.2 %

Shares of NASDAQ:MNTX opened at $5.72 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. Manitex International has a 1 year low of $3.07 and a 1 year high of $9.16. The company has a market cap of $116.67 million, a P/E ratio of 12.44 and a beta of 0.77. The stock’s fifty day moving average price is $5.72 and its 200-day moving average price is $5.07.

Institutional Trading of Manitex International

Large investors have recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in Manitex International in the third quarter worth about $69,000. Virtu Financial LLC bought a new position in shares of Manitex International in the 3rd quarter worth approximately $248,000. Geode Capital Management LLC lifted its stake in shares of Manitex International by 2.2% in the 3rd 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 during the period. De Lisle Partners LLP boosted its holdings in shares of Manitex International by 359.3% in the third quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock worth $6,776,000 after buying an additional 940,670 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Manitex International during the third quarter valued at approximately $480,000. Institutional investors own 46.01% of the company’s stock.

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.