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

Stock analysts at StockNews.com began coverage on shares of Manitex International (NASDAQ:MNTX) in a research note issued on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Northland Capmk cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th. Northland Securities restated a “market perform” rating and issued a $5.80 price target (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th.

Manitex International Stock Performance

MNTX opened at $5.73 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. Manitex International has a 52 week low of $3.07 and a 52 week high of $9.16. The stock has a market cap of $116.89 million, a PE ratio of 12.46 and a beta of 0.77. The business has a 50 day moving average of $5.69 and a 200-day moving average of $5.15.

Institutional Trading of Manitex International

Institutional investors have recently bought and sold shares of the company. Cutter & CO Brokerage Inc. lifted its stake in shares of 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 worth $98,000 after buying an additional 3,340 shares in the last quarter. Marshall Wace LLP bought a new position in Manitex International in the 2nd quarter valued at approximately $128,000. O Shaughnessy Asset Management LLC boosted its stake in Manitex International by 20.3% during the 1st 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 during the last quarter. Virtu Financial LLC bought a new stake in shares of Manitex International in the 3rd quarter worth $248,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Manitex International by 2,049.4% in the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 64,187 shares during the last quarter. 46.01% of the stock is owned by hedge funds and other institutional investors.

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.