Manitex International (NASDAQ:MNTX) Now Covered by Analysts at StockNews.com

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

Manitex International Stock Performance

NASDAQ MNTX opened at $5.80 on Tuesday. Manitex International has a 1-year low of $3.07 and a 1-year high of $8.60. The company has a market capitalization of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. The business has a 50 day moving average price of $5.75 and a 200 day moving average price of $5.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66.

Hedge Funds Weigh In On Manitex International

Several hedge funds have recently bought and sold shares of the company. De Lisle Partners LLP increased its stake in Manitex International by 359.3% in 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 purchasing an additional 940,670 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in Manitex International by 0.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock worth $4,064,000 after buying an additional 2,871 shares in the last quarter. First Eagle Investment Management LLC increased its position in Manitex International by 2.9% during the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock worth $1,356,000 after buying an additional 8,500 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Manitex International by 2.2% in the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock worth $928,000 after acquiring an additional 3,601 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Manitex International by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 16,433 shares in the last quarter. 46.01% of the stock is 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.