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

StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a research report sent to investors on Friday morning. The firm issued a hold rating on the industrial products company’s stock.

MNTX has been the subject of a number of other reports. Northland Securities reissued a “market perform” rating and set a $5.80 price target (down from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Northland Capmk downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th.

Manitex International Stock Performance

Shares of MNTX opened at $5.76 on Friday. The company has a market cap of $117.49 million, a P/E ratio of 12.52 and a beta of 0.77. Manitex International has a twelve month low of $3.07 and a twelve month high of $9.16. The company’s fifty day simple moving average is $5.71 and its 200-day simple moving average is $5.08. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75.

Institutional Trading of Manitex International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC grew its stake 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 worth $4,064,000 after purchasing an additional 2,871 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of Manitex International by 17.8% during the second quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock valued at $98,000 after buying an additional 3,340 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 3,601 shares in the last quarter. First Eagle Investment Management LLC lifted 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 worth $1,356,000 after acquiring an additional 8,500 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Manitex International during the 3rd quarter worth about $69,000. 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.