Manitex International (NASDAQ:MNTX) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX - Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a "hold" rating on the industrial products company's stock.

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

Manitex International Trading Up 0.2 %

Shares of Manitex International stock traded up $0.01 during trading hours on Thursday, hitting $5.75. The company's stock had a trading volume of 107,711 shares, compared to its average volume of 136,237. Manitex International has a 1-year low of $3.07 and a 1-year high of $9.16. The business has a fifty day moving average of $5.70 and a 200 day moving average of $5.12. The company has a market capitalization of $117.30 million, a PE ratio of 12.50 and a beta of 0.77. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MNTX. Pacific Ridge Capital Partners LLC boosted its stake in Manitex International by 0.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company's stock valued at $4,064,000 after acquiring an additional 2,871 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its stake in Manitex International by 17.8% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company's stock valued at $98,000 after acquiring an additional 3,340 shares during the last quarter. Geode Capital Management LLC boosted its stake in Manitex International by 2.2% during 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 last quarter. First Eagle Investment Management LLC boosted its stake 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 acquiring an additional 8,500 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in Manitex International during the 3rd quarter valued at $69,000. 46.01% of the stock is currently owned by hedge funds and other 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.