Manitowoc (NYSE:MTW) Stock Crosses Above 200-Day Moving Average - What's Next?

The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.78 and traded as high as $10.87. Manitowoc shares last traded at $10.65, with a volume of 265,096 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTW. StockNews.com upgraded shares of Manitowoc from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Robert W. Baird lowered their target price on shares of Manitowoc from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $11.76.

Manitowoc Price Performance

The company has a market capitalization of $363.81 million, a P/E ratio of 6.68 and a beta of 1.83. The business's 50-day moving average is $9.68 and its two-hundred day moving average is $9.81. The company has a quick ratio of 0.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.70.

Manitowoc (NYSE:MTW - Get Free Report) last posted its earnings results on Wednesday, February 12th. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Manitowoc had a return on equity of 2.46% and a net margin of 2.56%. As a group, analysts predict that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current year.

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Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MTW. LPL Financial LLC lifted its position in shares of Manitowoc by 10.0% during the 4th quarter. LPL Financial LLC now owns 11,374 shares of the industrial products company's stock valued at $104,000 after buying an additional 1,030 shares during the last quarter. US Bancorp DE lifted its stake in shares of Manitowoc by 88.1% during the 3rd quarter. US Bancorp DE now owns 2,834 shares of the industrial products company's stock valued at $27,000 after buying an additional 1,327 shares in the last quarter. Northern Trust Corp boosted its holdings in Manitowoc by 0.5% in the 4th quarter. Northern Trust Corp now owns 304,363 shares of the industrial products company's stock worth $2,779,000 after buying an additional 1,552 shares during the period. Quantbot Technologies LP boosted its holdings in Manitowoc by 20.9% in the 4th quarter. Quantbot Technologies LP now owns 10,257 shares of the industrial products company's stock worth $94,000 after buying an additional 1,771 shares during the period. Finally, SG Americas Securities LLC grew its stake in Manitowoc by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company's stock valued at $140,000 after buying an additional 1,944 shares in the last quarter. Institutional investors own 78.66% of the company's stock.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.