Manitex International (MNTX) Stock Price, News & Analysis

Company Overview

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. In addition, the company manufactures and sells rough terrain cranes and material handling products; and truck mounted hydraulic knuckle boom cranes; and rents light and heavy-duty commercial construction equipments. It also sells its products through dealers and rental distribution channel. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. Manitex International, Inc. was founded in 1993 and is headquartered in Bridgeview, Illinois.

Key Stats

• Today's Range: $5.69 to $5.74
• 50-Day Range: $3.72 to $5.76
• 52-Week Range: $3.07 to $9.16
• Volume: 269,067 shs
• Average Volume: 118,854 shs
• Market Capitalization: $116.87 million
• P/E Ratio: 12.46
• Dividend Yield: N/A
• Price Target: $5.80
• Consensus Rating: Hold

Manitex International Stock Analysis - MarketRank™

Manitex International scored higher than 18% of companies evaluated by MarketBeat, and ranked 168th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Manitex International has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Manitex International has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -3.03%

Earnings Growth

Earnings for Manitex International are expected to decrease by -3.03% in the coming year, from $0.33 to $0.32 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Manitex International is 12.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.88.

Price to Earnings Ratio vs. Sector

The P/E ratio of Manitex International is 12.46, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.09.

Price to Book Value per Share Ratio

Manitex International has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.81% of the float of Manitex International has been sold short.

Short Interest Ratio / Days to Cover

Manitex International has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Manitex International has recently increased by 25.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Manitex International does not currently pay a dividend.

Dividend Growth

Manitex International does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.81% of the float of Manitex International has been sold short.

Short Interest Ratio / Days to Cover

Manitex International has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Manitex International has recently increased by 25.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.56

News Sentiment

Manitex International has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Manitex International this week, compared to 1 article on an average week.

MarketBeat Follows

1 people have added Manitex International to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Manitex International insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.84% of the stock of Manitex International is held by insiders.

Percentage Held by Institutions

46.01% of the stock of Manitex International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MNTX Stock Analysis - Frequently Asked Questions

How have MNTX shares performed this year?

Manitex International's stock was trading at $8.74 at the beginning of the year. Since then, MNTX stock has decreased by 34.4% and is now trading at $5.73.
View the best growth stocks for 2024 here.

How were Manitex International's earnings last quarter?

Manitex International, Inc. (NASDAQ:MNTX) issued its quarterly earnings data on Monday, November, 8th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The industrial products company had revenue of $50.94 million for the quarter, compared to the consensus estimate of $49.80 million. Manitex International had a net margin of 3.19% and a trailing twelve-month return on equity of 16.60%.

Who are Manitex International's major shareholders?

Top institutional shareholders of Manitex International include De Lisle Partners LLP (5.89%), Royce & Associates LP (1.61%), Geode Capital Management LLC (0.81%) and Auxier Asset Management (0.65%). Insiders that own company stock include David J Langevin, Michael Coffey and Joseph Doolan.
View institutional ownership trends.

How do I buy shares of Manitex International?

Shares of MNTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Manitex International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Manitex International investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Novo Nordisk A/S (NVO), Jabil (JBL), AppLovin (APP) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 11/08/2021
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Special industry machinery, not elsewhere classified
• Sub-Industry: Machinery
• Current Symbol: NASDAQ:MNTX
• CUSIP: N/A
• CIK: 1302028
• Web: www.manitexinternational.com
• Phone: (708) 430-7500
• Fax: 708-430-1335
• Employees: 510
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $5.80
• High Stock Price Target: $5.80
• Low Stock Price Target: $5.80
• Potential Upside/Downside: +1.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.46
• Trailing P/E Ratio: 12.46
• Forward P/E Ratio: 17.36
• P/E Growth: N/A
• Net Income: $7.36 million
• Net Margins: 3.19%
• Pretax Margin: 3.15%
• Return on Equity: 16.60%
• Return on Assets: 5.39%

Debt

• Debt-to-Equity Ratio: 0.75
• Current Ratio: 1.64
• Quick Ratio: 0.66

Sales & Book Value

• Annual Sales: $294.78 million
• Price / Sales: 0.40
• Cash Flow: $1.18 per share
• Price / Cash Flow: 4.84
• Book Value: $4.23 per share
• Price / Book: 1.35

Miscellaneous

• Outstanding Shares: 20,397,000
• Free Float: 19,002,000
• Market Cap: $116.87 million
• Optionable: Optionable
• Beta: 0.77