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

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

Several other equities research analysts have also recently weighed in on MNTX. Northland Capmk cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th. Northland Securities restated 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 Price Performance

Shares of MNTX stock opened at $5.73 on Wednesday. Manitex International has a 52 week low of $3.07 and a 52 week high of $9.16. The stock has a market capitalization of $116.87 million, a PE ratio of 12.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.64. The stock’s fifty day moving average is $5.69 and its 200-day moving average is $5.14.

Hedge Funds Weigh In On Manitex International

Several hedge funds have recently added to or reduced their stakes in the company. De Lisle Partners LLP lifted its position in Manitex International by 359.3% during 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 period. Pacific Ridge Capital Partners LLC lifted its holdings in Manitex International by 0.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after buying an additional 2,871 shares during the period. First Eagle Investment Management LLC boosted its stake 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 acquiring an additional 8,500 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 worth $928,000 after acquiring an additional 3,601 shares during the period. Finally, Renaissance Technologies LLC raised its position 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 valued at $629,000 after acquiring an additional 16,433 shares during the last quarter. Institutional investors 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.