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

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

A number of other brokerages also recently issued reports on MNTX. Northland Capmk downgraded shares of Manitex International from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 13th. Northland Securities restated a "market perform" rating and set 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 Stock Performance

Shares of Manitex International stock traded down $0.01 during trading on Friday, reaching $5.72. The company's stock had a trading volume of 181,194 shares, compared to its average volume of 133,909. Manitex International has a 52 week low of $3.07 and a 52 week high of $9.16. The firm has a market cap of $116.67 million, a PE ratio of 12.44 and a beta of 0.77. The business's 50-day moving average price is $5.72 and its 200-day moving average price is $5.07. 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 Investors Weigh In On Manitex International

Institutional investors and hedge funds have recently made changes to their positions in the stock. De Lisle Partners LLP boosted its stake in shares of Manitex International by 359.3% in the 3rd quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company's stock valued at $6,776,000 after purchasing an additional 940,670 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of Manitex International by 0.3% in 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 purchasing an additional 2,871 shares during the period. First Eagle Investment Management LLC grew its stake in Manitex International by 2.9% during the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company's stock worth $1,356,000 after purchasing an additional 8,500 shares during the period. Geode Capital Management LLC lifted its stake in Manitex International by 2.2% in the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company's stock valued at $928,000 after buying an additional 3,601 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company's stock worth $629,000 after buying an additional 16,433 shares in the last quarter. Institutional investors and hedge funds own 46.01% of the company's stock.

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.