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

Analysts at StockNews.com initiated coverage on shares of Manitex International (NASDAQ:MNTX) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the industrial products company’s stock.

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

Manitex International Trading Up 0.2 %

Shares of MNTX stock opened at $5.80 on Monday. 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 stock has a market capitalization of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. Manitex International has a 12-month low of $3.07 and a 12-month high of $8.60. The stock’s 50-day moving average price is $5.74 and its 200-day moving average price is $5.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Oddo BHF Asset Management Sas bought a new stake in shares of Manitex International in the 3rd quarter valued at about $69,000. Marshall Wace LLP acquired a new stake in Manitex International in the second quarter valued at approximately $128,000. Virtu Financial LLC purchased a new position in Manitex International in the third quarter worth $248,000. Cutter & CO Brokerage Inc. increased its position in shares of Manitex International by 123.7% during the third quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 27,291 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Manitex International during the 3rd quarter valued at $480,000. 46.01% of the stock is owned by institutional investors.

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.