News headlines about Manitex International (NASDAQ:MNTX) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Manitex International earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 47.6278792463742 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research analysts have weighed in on MNTX shares. Zacks Investment Research raised Manitex International from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, December 20th. Roth Capital raised Manitex International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.00 to $11.00 in a research report on Thursday, February 8th.
MNTX stock traded down $0.10 during mid-day trading on Friday, hitting $11.79. The stock had a trading volume of 19,469 shares, compared to its average volume of 74,075. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 0.66. Manitex International has a 1-year low of $6.21 and a 1-year high of $12.37. The firm has a market cap of $197.12, a P/E ratio of 58.95 and a beta of 1.40.
Manitex International (NASDAQ:MNTX) last issued its earnings results on Wednesday, March 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Manitex International had a positive return on equity of 4.12% and a negative net margin of 3.36%. The firm had revenue of $64.48 million during the quarter, compared to analyst estimates of $64.45 million. research analysts expect that Manitex International will post 0.47 EPS for the current year.
About Manitex International
Manitex International, Inc provides engineered lifting and loading products worldwide. The company operates through three segments: Lifting Equipment, ASV, and Equipment Distribution segments. The Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are used for industrial projects and energy exploration, as well as for roads, bridges, and residential and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries, as well as truck-mounted aerial platforms and sign cranes.
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