Manitex International (NASDAQ:MNTX) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Manitex International (NASDAQ:MNTX - Free Report) in a research note released on Monday. The brokerage issued a hold rating on the industrial products company's stock.

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

Manitex International Price Performance

NASDAQ MNTX traded down $0.01 on Monday, hitting $5.70. The company had a trading volume of 91,397 shares, compared to its average volume of 138,781. The company has a market capitalization of $116.28 million, a PE ratio of 12.39 and a beta of 0.77. The company's fifty day moving average price is $5.37 and its 200-day moving average price is $5.17. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.55 and a quick ratio of 0.67. Manitex International has a 12-month low of $3.07 and a 12-month high of $9.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its position in shares of 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. lifted its position in Manitex International by 17.8% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company's stock valued at $98,000 after buying an additional 3,340 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position 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 buying an additional 5,853 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Manitex International by 2.9% in the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company's stock valued at $1,356,000 after buying an additional 8,500 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company's stock valued at $629,000 after buying an additional 16,433 shares during the last quarter. Institutional investors and hedge funds own 46.01% of the company's stock.

Manitex International Company Profile

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.