StockNews.com Initiates Coverage on Manitex International (NASDAQ:MNTX)

Equities research analysts at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a report released on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Manitex International Trading Up 0.2 %

Manitex International stock opened at $5.80 on Wednesday. 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 has a one year low of $3.07 and a one year high of $8.60. The stock has a market capitalization of $118.30 million, a PE ratio of 12.61 and a beta of 0.77. The business’s fifty day moving average is $5.76 and its 200 day moving average is $5.23.

Manitex International (NASDAQ:MNTX) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. Manitex International had a return on equity of 16.60% and a net margin of 3.19%. The company had revenue of $66.54 million for the quarter, compared to analysts’ expectations of $69.97 million. On average, sell-side analysts predict that Manitex International will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Trium Capital LLP bought a new position in Manitex International in the fourth quarter valued at about $1,626,000. Oddo BHF Asset Management Sas bought a new position in Manitex International in the third quarter valued at about $69,000. Virtu Financial LLC bought a new position in Manitex International in the third quarter valued at about $248,000. Geode Capital Management LLC lifted its holdings in 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 during the period. Finally, De Lisle Partners LLP lifted its holdings in Manitex International by 359.3% in the third quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock valued at $6,776,000 after acquiring an additional 940,670 shares during the period. 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.