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

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

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

Manitex International Stock Up 0.2 %

MNTX stock opened at $5.80 on Friday. Manitex International has a one year low of $3.07 and a one year high of $9.05. 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 fifty day moving average of $5.73 and a 200-day moving average of $5.09. The stock has a market capitalization of $118.30 million, a PE ratio of 12.61 and a beta of 0.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC lifted its position in shares of Manitex International by 0.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after acquiring an additional 2,871 shares during the period. Geode Capital Management LLC raised its holdings 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 during the last quarter. First Eagle Investment Management LLC boosted its position in Manitex International by 2.9% during the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock worth $1,356,000 after purchasing an additional 8,500 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Manitex International in the third quarter valued at $69,000. Finally, Renaissance Technologies LLC increased its position in shares of Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after buying an additional 16,433 shares in the last quarter. 46.01% of the stock is currently owned by institutional investors and hedge funds.

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.