StockNews.com Begins Coverage on Manitex International (NASDAQ:MNTX)

Equities researchers at StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX) in a report released on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Several other equities research analysts have also issued reports on MNTX. Northland Securities restated a “market perform” rating and set 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 Price Performance

MNTX opened at $5.73 on Wednesday. Manitex International has a fifty-two week low of $3.07 and a fifty-two week high of $9.16. The firm has a 50-day moving average of $5.68 and a 200 day moving average of $5.14. 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 firm has a market cap of $116.87 million, a P/E ratio of 12.46 and a beta of 0.77.

Institutional Trading of Manitex International

A number of institutional investors have recently modified their holdings of the business. De Lisle Partners LLP raised 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 valued at $6,776,000 after acquiring an additional 940,670 shares during the period. Empowered Funds LLC bought a new stake in shares of Manitex International during the 3rd quarter valued at $480,000. Russell Investments Group Ltd. lifted its holdings in Manitex International by 2,049.4% during the 1st quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 64,187 shares in the last quarter. Virtu Financial LLC bought a new position in Manitex International in the 3rd quarter worth about $248,000. Finally, Marshall Wace LLP purchased a new position in Manitex International during the 2nd quarter valued at about $128,000. 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.