Manitex International (NASDAQ:MNTX) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a report issued on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

Manitex International Trading Up 0.2 %

Shares of NASDAQ:MNTX opened at $5.80 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $118.30 million, a PE ratio of 12.61 and a beta of 0.77. Manitex International has a 1 year low of $3.07 and a 1 year high of $8.60. The firm has a fifty day moving average price of $5.77 and a 200 day moving average price of $5.25.

Manitex International (NASDAQ:MNTX) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.09 earnings per share 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 business had revenue of $66.54 million during the quarter, compared to analysts’ expectations of $69.97 million. Analysts expect that Manitex International will post 0.33 EPS for the current fiscal year.

Institutional Trading of Manitex International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas acquired a new stake in shares of Manitex International during the 3rd quarter worth about $69,000. Marshall Wace LLP bought a new stake in Manitex International during the second quarter worth about $128,000. Virtu Financial LLC acquired a new stake in shares of Manitex International during the third quarter worth approximately $248,000. Cutter & CO Brokerage Inc. raised its stake in shares of Manitex International by 123.7% in the third 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 during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Manitex International in the 3rd quarter worth 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.