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

Investment analysts at StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX - Get Free Report) in a research note issued on Friday. The brokerage set a "hold" rating on the industrial products company's stock.

MNTX has been the topic of several other research reports. Northland Securities reissued a "market perform" rating and issued a $5.80 target price (down previously from $8.00) on shares of Manitex International in a report 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 Up 0.2 %

MNTX traded up $0.01 on Friday, hitting $5.70. 75,140 shares of the company were exchanged, compared to its average volume of 141,729. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 0.78. The company has a market cap of $116.28 million, a price-to-earnings ratio of 10.94 and a beta of 0.76. The firm has a 50-day moving average price of $4.82 and a two-hundred day moving average price of $5.21. Manitex International has a twelve month low of $3.07 and a twelve month high of $9.16.

Manitex International (NASDAQ:MNTX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. Manitex International had a net margin of 3.56% and a return on equity of 18.79%. The company had revenue of $76.24 million during the quarter, compared to analysts' expectations of $75.23 million. On average, equities analysts predict that Manitex International will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On Manitex International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC increased its position in shares of Manitex International by 0.3% during the second 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 in the last quarter. Cutter & CO Brokerage Inc. raised its position in Manitex International by 17.8% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company's stock valued at $98,000 after purchasing an additional 3,340 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Manitex International by 1.5% in the first quarter. Essex Investment Management Co. LLC now owns 307,868 shares of the industrial products company's stock valued at $2,112,000 after purchasing an additional 4,666 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Manitex International by 20.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company's stock worth $237,000 after buying an additional 5,853 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Manitex International by 2.9% in 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 acquiring an additional 8,500 shares during the period. 46.01% of the stock is currently 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.