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

StockNews.com initiated coverage on shares of Manitex International (NASDAQ:MNTX) in a research note published on Friday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Manitex International Price Performance

Shares of NASDAQ:MNTX 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 business’s fifty day moving average price is $5.78 and its two-hundred day moving average price is $5.34. The stock has a market cap of $118.30 million, a PE ratio of 12.61 and a beta of 0.77. Manitex International has a one year low of $3.07 and a one year high of $8.60.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Manitex International had a return on equity of 16.60% and a net margin of 3.19%. The business had revenue of $66.54 million for the quarter, compared to analyst estimates of $69.97 million. On average, analysts forecast that Manitex International will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Manitex International

A number of hedge funds and other institutional investors have recently modified their holdings of MNTX. VisionPoint Advisory Group LLC acquired a new stake in Manitex International during the fourth quarter worth approximately $67,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Manitex International during the third quarter worth $69,000. Raymond James Financial Inc. acquired a new stake in shares of Manitex International during the fourth quarter worth $74,000. Marshall Wace LLP purchased a new stake in shares of Manitex International in the second quarter valued at $128,000. Finally, Virtu Financial LLC acquired a new position in Manitex International in the third quarter valued at $248,000. 46.01% of the stock is currently owned by hedge funds and other institutional investors.

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.