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

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

Several other equities research analysts have also recently commented on MNTX. Northland Capmk cut shares of Manitex International from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 13th. Northland Securities reiterated a "market perform" rating and set a $5.80 target price (down previously from $8.00) on shares of Manitex International in a report on Friday, September 13th.

Manitex International Stock Up 0.2 %

Shares of NASDAQ MNTX traded up $0.01 during midday trading on Friday, reaching $5.80. The company's stock had a trading volume of 192,445 shares, compared to its average volume of 134,266. The stock has a 50 day simple moving average of $5.73 and a 200-day simple moving average of $5.09. 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 stock has a market capitalization of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. Manitex International has a fifty-two week low of $3.07 and a fifty-two week high of $9.05.

Institutional Trading of Manitex International

Several institutional investors and hedge funds have recently added to or reduced their stakes in MNTX. Pacific Ridge Capital Partners LLC lifted its position in shares of Manitex International by 0.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company's stock valued at $4,064,000 after buying an additional 2,871 shares during the last quarter. Geode Capital Management LLC raised its stake in Manitex International by 2.2% in 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. First Eagle Investment Management LLC lifted its holdings in Manitex International by 2.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company's stock valued at $1,356,000 after purchasing an additional 8,500 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in Manitex International during the third quarter worth $69,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company's stock valued at $629,000 after purchasing an additional 16,433 shares during the last quarter. 46.01% of the stock is owned by institutional investors.

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.