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

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

Manitex International Trading Up 0.2 %

NASDAQ MNTX opened at $5.80 on Thursday. 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 firm 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 fifty day simple moving average of $5.77 and a 200 day simple moving average of $5.30. Manitex International has a 12 month low of $3.07 and a 12 month high of $8.60.

Manitex International (NASDAQ:MNTX) last issued its quarterly 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 company had revenue of $66.54 million during the quarter, compared to the consensus estimate of $69.97 million. Manitex International had a return on equity of 16.60% and a net margin of 3.19%. On average, analysts predict that Manitex International will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Manitex International

Several large investors have recently added to or reduced their stakes in MNTX. Geode Capital Management LLC raised its holdings in Manitex International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock valued at $928,000 after acquiring an additional 3,601 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Manitex International during the third quarter valued at approximately $69,000. Renaissance Technologies LLC grew its stake in Manitex International by 13.1% during the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 16,433 shares in the last quarter. Cutter & CO Brokerage Inc. increased its holdings in Manitex International by 123.7% during 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 during the period. Finally, Marshall Wace LLP purchased a new position in shares of Manitex International during the 2nd quarter valued at $128,000. Hedge funds and other institutional investors 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.