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

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

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

Manitex International Price Performance

Shares of NASDAQ MNTX opened at $5.79 on Friday. Manitex International has a 1 year low of $3.07 and a 1 year high of $9.05. The stock has a market capitalization of $118.10 million, a P/E ratio of 12.59 and a beta of 0.77. The company’s 50-day moving average is $5.72 and its 200 day moving average is $5.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66.

Institutional Investors Weigh In On Manitex International

A number of hedge funds and other institutional investors have recently bought and sold shares of MNTX. Oddo BHF Asset Management Sas purchased a new position in shares of Manitex International during the third quarter valued at approximately $69,000. Cutter & CO Brokerage Inc. raised its stake in 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 last quarter. Marshall Wace LLP purchased a new position in Manitex International during the second quarter valued at $128,000. Virtu Financial LLC bought a new stake in Manitex International in the third quarter worth $248,000. Finally, Empowered Funds LLC purchased a new stake in shares of Manitex International in the third quarter worth $480,000. Hedge funds and other 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.