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

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

Manitex International Stock Performance

Shares of MNTX stock opened at $5.80 on Friday. 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 firm has a market cap of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. Manitex International has a 52 week low of $3.07 and a 52 week high of $8.60. The firm’s 50-day simple moving average is $5.78 and its two-hundred day simple moving average is $5.33.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.09 EPS 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 company had revenue of $66.54 million for the quarter, compared to analysts’ expectations of $69.97 million. As a group, equities analysts forecast that Manitex International will post 0.33 earnings per share for the current year.

Institutional Trading of Manitex International

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in 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 valued at $928,000 after buying an additional 3,601 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Manitex International in the third quarter valued at $480,000. Marshall Wace LLP bought a new stake in shares of Manitex International during the 2nd quarter valued at $128,000. De Lisle Partners LLP lifted its holdings in Manitex International by 359.3% during the 3rd quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock worth $6,776,000 after purchasing an additional 940,670 shares in the last quarter. Finally, Trium Capital LLP bought a new position in Manitex International in the 4th quarter worth about $1,626,000. Institutional investors own 46.01% of the company’s stock.

About Manitex International

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.