Manitex International (NASDAQ:MNTX) Earns Hold Rating from Analysts at StockNews.com

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

Manitex International Stock Performance

MNTX opened at $5.80 on Wednesday. The company has a market capitalization of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. The business’s 50-day moving average price is $5.77 and its two-hundred day moving average price is $5.26. Manitex International has a 1 year low of $3.07 and a 1 year high of $8.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66.

Manitex International (NASDAQ:MNTX) last announced its earnings results on Thursday, November 7th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Manitex International had a return on equity of 16.60% and a net margin of 3.19%. The business had revenue of $66.54 million for the quarter, compared to analyst estimates of $69.97 million. Equities analysts expect that Manitex International will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. De Lisle Partners LLP boosted its stake in shares of 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 worth $6,776,000 after buying an additional 940,670 shares during the last quarter. Trium Capital LLP acquired a new position in Manitex International during the fourth quarter valued at approximately $1,626,000. Empowered Funds LLC acquired a new position in Manitex International during the third quarter valued at approximately $480,000. Virtu Financial LLC bought a new position in Manitex International in the third quarter valued at approximately $248,000. Finally, Marshall Wace LLP acquired a new position in shares of Manitex International during the 2nd quarter worth approximately $128,000. Institutional investors 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.