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

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

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

Manitex International Stock Up 0.2 %

Shares of NASDAQ:MNTX opened at $5.80 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. The stock has a market cap of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. The company has a 50 day moving average of $5.74 and a 200-day moving average of $5.13. Manitex International has a one year low of $3.07 and a one year high of $8.60.

Institutional Trading of Manitex International

Hedge funds have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas acquired a new position in Manitex International in the third quarter valued at about $69,000. Marshall Wace LLP bought a new position in shares of Manitex International during the 2nd quarter valued at about $128,000. Virtu Financial LLC bought a new stake in Manitex International during the 3rd quarter worth approximately $248,000. Cutter & CO Brokerage Inc. raised its holdings in Manitex International by 123.7% during the 3rd 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 bought a new position in Manitex International in the third quarter valued at approximately $480,000. Institutional investors and hedge funds 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.