Manitex International (NASDAQ:MNTX) Shares Cross Above 200 Day Moving Average – Should You Sell?

Manitex International, Inc. (NASDAQ:MNTX) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.30 and traded as high as $5.81. Manitex International shares last traded at $5.80, with a volume of 216,900 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Manitex International in a research note on Thursday. They issued a “hold” rating on the stock.

Manitex International Stock Up 0.2 %

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 cap of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. The company’s 50 day moving average price is $5.77 and its two-hundred day moving average price is $5.30.

Manitex International (NASDAQ:MNTX) last announced its earnings results 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. The business had revenue of $66.54 million during the quarter, compared to analysts’ expectations of $69.97 million. Manitex International had a net margin of 3.19% and a return on equity of 16.60%. Equities analysts forecast that Manitex International, Inc. will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Manitex International

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after buying an additional 16,433 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Manitex International during the 2nd quarter valued at approximately $128,000. Cutter & CO Brokerage Inc. increased its holdings in 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. Empowered Funds LLC bought a new stake in Manitex International during the 3rd quarter worth approximately $480,000. Finally, De Lisle Partners LLP lifted its holdings in Manitex International by 359.3% during the third 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. 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.