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

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

Manitex International Trading Up 0.2 %

Shares of MNTX opened at $5.80 on Wednesday. Manitex International has a twelve month low of $3.07 and a twelve month high of $8.60. The firm has a market capitalization of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $5.77 and its 200 day simple moving average is $5.24.

Manitex International (NASDAQ:MNTX) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $66.54 million for the quarter, compared to the consensus estimate of $69.97 million. Manitex International had a return on equity of 16.60% and a net margin of 3.19%. On average, equities research analysts forecast that Manitex International will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On Manitex International

Several institutional investors have recently bought and sold shares of the business. Oddo BHF Asset Management Sas acquired a new position in shares of Manitex International during the 3rd quarter valued at $69,000. Marshall Wace LLP purchased a new position in Manitex International in the second quarter valued at about $128,000. Virtu Financial LLC acquired a new position in shares of Manitex International during the third quarter worth about $248,000. Cutter & CO Brokerage Inc. boosted its position in shares of Manitex International by 123.7% in the third quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock worth $278,000 after buying an additional 27,291 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Manitex International in the third quarter valued at about $480,000. 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.