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

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

Other analysts have also issued research reports about the stock. Northland Capmk lowered shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 13th. Northland Securities reiterated a “market perform” rating and set a $5.80 price objective (down from $8.00) on shares of Manitex International in a report on Friday, September 13th.

Manitex International Stock Performance

NASDAQ MNTX opened at $5.73 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. Manitex International has a 52 week low of $3.07 and a 52 week high of $9.16. The business has a 50 day moving average price of $5.56 and a 200-day moving average price of $5.18. The company has a market cap of $116.89 million, a price-to-earnings ratio of 12.46 and a beta of 0.77.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Manitex International by 2.2% during the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock worth $928,000 after buying an additional 3,601 shares in the last quarter. De Lisle Partners LLP boosted 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 acquiring an additional 940,670 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Manitex International in the 3rd quarter worth $480,000. Cutter & CO Brokerage Inc. grew its stake 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 acquiring an additional 27,291 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of Manitex International by 0.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after purchasing an additional 2,871 shares during the last quarter. 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.