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

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

A number of other brokerages also recently commented on MNTX. Northland Capmk downgraded shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th. Northland Securities reissued a “market perform” rating and issued a $5.80 price objective (down previously from $8.00) on shares of Manitex International in a research report on Friday, September 13th.

Manitex International Price Performance

Shares of MNTX stock opened at $5.73 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. Manitex International has a 1 year low of $3.07 and a 1 year high of $9.16. The firm’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $5.15. The firm has a market capitalization of $116.89 million, a P/E ratio of 12.46 and a beta of 0.77.

Institutional Trading of Manitex International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. De Lisle Partners LLP boosted its holdings in shares of Manitex International by 359.3% during the 3rd quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock worth $6,776,000 after buying an additional 940,670 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Manitex International by 0.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock worth $4,064,000 after buying an additional 2,871 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Manitex International by 2.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock worth $1,356,000 after buying an additional 8,500 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Manitex International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock worth $928,000 after buying an additional 3,601 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after buying an additional 16,433 shares during the period. 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.