StockNews.com began coverage on shares of Manitex International (NASDAQ:MNTX - Free Report) in a research note released on Wednesday. The brokerage issued a hold rating on the industrial products company's stock.
Several other equities 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 price target (down from $8.00) on shares of Manitex International in a report on Friday, September 13th.
Read Our Latest Stock Analysis on Manitex International
Manitex International Stock Up 0.3 %
Shares of NASDAQ MNTX traded up $0.02 during trading on Wednesday, hitting $5.75. The stock had a trading volume of 5,038 shares, compared to its average volume of 136,981. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. The firm has a fifty day moving average of $5.68 and a two-hundred day moving average of $5.14. Manitex International has a 12 month low of $3.07 and a 12 month high of $9.16. The company has a market capitalization of $117.30 million, a PE ratio of 12.46 and a beta of 0.77.
Hedge Funds Weigh In On Manitex International
Several institutional investors have recently bought and sold shares of MNTX. Cutter & CO Brokerage Inc. lifted its holdings in Manitex International by 17.8% during the second 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. Marshall Wace LLP purchased a new stake in shares of Manitex International in the 2nd quarter valued at about $128,000. O Shaughnessy Asset Management LLC raised its stake in Manitex International by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 5,853 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Manitex International during the 3rd quarter worth $248,000. Finally, Russell Investments Group Ltd. raised its position in Manitex International by 2,049.4% during the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company's stock valued at $462,000 after purchasing an additional 64,187 shares in the last quarter. Hedge funds and other institutional investors own 46.01% of the company's stock.
About Manitex International
(
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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.
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