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

StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX - Free Report) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the industrial products company's stock.

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

Manitex International Stock Performance

NASDAQ MNTX opened at $5.73 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. Manitex International has a 1-year low of $3.07 and a 1-year high of $9.16. The firm's fifty day simple moving average is $5.56 and its 200-day simple moving average is $5.18. The company has a market capitalization of $116.89 million, a PE ratio of 12.46 and a beta of 0.77.

Hedge Funds Weigh In On Manitex International

Hedge funds have recently bought and sold shares of the business. De Lisle Partners LLP lifted its position 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 worth $6,776,000 after buying an additional 940,670 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in 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 worth $4,064,000 after purchasing an additional 2,871 shares during the last quarter. First Eagle Investment Management LLC boosted its position in 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 worth $1,356,000 after purchasing an additional 8,500 shares during the period. Ancora Advisors LLC grew its holdings in Manitex International by 95.1% during the first quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company's stock valued at $1,183,000 after purchasing an additional 84,029 shares during the last quarter. Finally, Geode Capital Management LLC grew 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. 46.01% of the stock is owned by institutional investors and hedge funds.

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.