Manitex International (NASDAQ:MNTX) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Manitex International, Inc. (NASDAQ:MNTX)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.30 and traded as high as $5.81. Manitex International shares last traded at $5.80, with a volume of 216,900 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Manitex International in a report on Thursday. They issued a “hold” rating on the stock.

Manitex International Stock Up 0.2 %

The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. The company has a fifty day moving average price of $5.77 and a 200-day moving average price of $5.30.

Manitex International (NASDAQ:MNTX) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $66.54 million for the quarter, compared to the consensus estimate of $69.97 million. Manitex International had a return on equity of 16.60% and a net margin of 3.19%. As a group, research analysts forecast that Manitex International, Inc. will post 0.33 EPS for the current fiscal year.

Institutional Trading of Manitex International

Large investors have recently made changes to their positions in the business. Oddo BHF Asset Management Sas purchased a new stake in shares of Manitex International in the third quarter valued at $69,000. Marshall Wace LLP bought a new stake in shares of Manitex International during the 2nd quarter worth approximately $128,000. Virtu Financial LLC bought a new stake in shares of Manitex International during the 3rd quarter worth approximately $248,000. Cutter & CO Brokerage Inc. grew its position in Manitex International by 123.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 27,291 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Manitex International in the 3rd quarter valued at $480,000. 46.01% of the stock is currently owned by institutional investors.

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.