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

StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX) in a report issued on Friday. The brokerage issued a hold rating on the industrial products company’s stock.

Manitex International Stock Performance

NASDAQ MNTX opened at $5.80 on Friday. Manitex International has a 1 year low of $3.07 and a 1 year high of $8.60. The company has a fifty day moving average price of $5.78 and a 200-day moving average price of $5.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. The firm has a market cap of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77.

Manitex International (NASDAQ:MNTX) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. Manitex International had a net margin of 3.19% and a return on equity of 16.60%. The company had revenue of $66.54 million for the quarter, compared to the consensus estimate of $69.97 million. As a group, equities research 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 modified their holdings of MNTX. Marshall Wace LLP bought a new position in Manitex International during the second quarter valued at $128,000. Cutter & CO Brokerage Inc. lifted its position in shares of 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 valued at $278,000 after buying an additional 27,291 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Manitex International during the 3rd quarter worth $480,000. De Lisle Partners LLP raised 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 acquiring an additional 940,670 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Manitex International by 2.2% during the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock valued at $928,000 after purchasing an additional 3,601 shares during the last quarter. Hedge funds and other institutional investors own 46.01% of the company’s stock.

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.