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

StockNews.com initiated coverage on shares of Manitex International (NASDAQ:MNTX - Free Report) in a report published on Monday morning. The brokerage issued a hold rating on the industrial products company's stock.

A number of other equities analysts have also commented on MNTX. Northland Capmk lowered shares of 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 price target (down previously from $8.00) on shares of Manitex International in a research report on Friday, September 13th.

Manitex International Price Performance

Shares of MNTX stock traded up $0.01 on Monday, reaching $5.80. The company's stock had a trading volume of 216,900 shares, compared to its average volume of 134,235. The company has a market capitalization of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. Manitex International has a 12-month low of $3.07 and a 12-month high of $8.60. The stock's 50 day simple moving average is $5.74 and its 200-day simple moving average is $5.13. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75.

Institutional Investors Weigh In On Manitex International

A number of hedge funds have recently made changes to their positions in MNTX. Renaissance Technologies LLC raised its position 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 worth $629,000 after purchasing an additional 16,433 shares during the period. First Eagle Investment Management LLC grew its stake in shares of 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 valued at $1,356,000 after buying an additional 8,500 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Manitex International in the second quarter worth about $128,000. Pacific Ridge Capital Partners LLC lifted its stake in shares of Manitex International by 0.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company's stock valued at $4,064,000 after acquiring an additional 2,871 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. boosted 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 valued at $278,000 after acquiring an additional 27,291 shares during the period. 46.01% of the stock is currently owned by 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.