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

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

Several other brokerages also recently issued reports on MNTX. Northland Securities reissued a “market perform” rating and issued a $5.80 price objective (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 Price Performance

Manitex International stock opened at $5.72 on Friday. Manitex International has a 12-month low of $3.07 and a 12-month high of $9.16. 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 firm has a 50-day moving average price of $5.72 and a 200-day moving average price of $5.07. The firm has a market capitalization of $116.67 million, a PE ratio of 12.44 and a beta of 0.77.

Institutional Investors Weigh In On Manitex International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. De Lisle Partners LLP grew its stake in Manitex International by 359.3% in 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 acquiring an additional 940,670 shares in the last quarter. Empowered Funds LLC bought a new position in Manitex International in the third quarter worth approximately $480,000. Virtu Financial LLC purchased a new position in Manitex International during the 3rd quarter worth $248,000. Marshall Wace LLP bought a new stake in Manitex International during the 2nd quarter valued at $128,000. Finally, Cutter & CO Brokerage Inc. lifted its holdings in shares of Manitex International by 123.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock worth $278,000 after buying an additional 27,291 shares during the period. 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.