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

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

A number of other analysts also recently issued reports on MNTX. Northland Capmk downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th. Northland Securities restated a “market perform” rating and set a $5.80 target price (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th.

Manitex International Price Performance

Shares of MNTX opened at $5.80 on Friday. The firm has a market capitalization of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. The firm’s fifty day simple moving average is $5.73 and its 200-day simple moving average is $5.09. Manitex International has a twelve month low of $3.07 and a twelve month high of $9.05. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75.

Hedge Funds Weigh In On Manitex International

Several large investors have recently bought and sold shares of MNTX. De Lisle Partners LLP boosted its holdings in shares of Manitex International by 359.3% in 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 acquiring an additional 940,670 shares during the period. Empowered Funds LLC purchased a new position in Manitex International during the 3rd quarter worth $480,000. Virtu Financial LLC acquired a new position in Manitex International in the third quarter valued at $248,000. Marshall Wace LLP purchased a new stake in shares of Manitex International in the second quarter valued at about $128,000. Finally, Cutter & CO Brokerage Inc. boosted its stake 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 buying an additional 27,291 shares during the period. Institutional investors and hedge funds 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.