Manitex International (NASDAQ:MNTX) Earns Hold Rating from Analysts at StockNews.com

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

Several other equities analysts have also commented on MNTX. Northland Securities reaffirmed a market perform rating and issued a $5.80 price target (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Northland Capmk lowered Manitex International from a strong-buy rating to a hold rating in a research note on Friday, September 13th.

Manitex International Stock Performance

Shares of Manitex International stock opened at $5.67 on Thursday. Manitex International has a 52 week low of $3.07 and a 52 week high of $9.16. The business’s fifty day simple moving average is $4.72 and its 200-day simple moving average is $5.25. The firm has a market cap of $115.67 million, a PE ratio of 10.90 and a beta of 0.76. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 0.78.

Manitex International (NASDAQ:MNTX) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Manitex International had a return on equity of 18.79% and a net margin of 3.56%. The business had revenue of $76.24 million for the quarter, compared to analyst estimates of $75.23 million. Equities analysts forecast that Manitex International will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Manitex International

Several hedge funds have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC lifted its stake in 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 worth $4,064,000 after acquiring an additional 2,871 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in Manitex International by 1.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 307,868 shares of the industrial products company’s stock worth $2,112,000 after acquiring an additional 4,666 shares in the last quarter. First Eagle Investment Management LLC raised its position in Manitex International by 2.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock valued at $1,356,000 after purchasing an additional 8,500 shares in the last quarter. Ancora Advisors LLC raised its position in Manitex International by 95.1% in the 1st quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock valued at $1,183,000 after purchasing an additional 84,029 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Manitex International by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 16,433 shares in the last quarter. Institutional investors and hedge funds 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.