Manitex International (NASDAQ:MNTX) Research Coverage Started at StockNews.com

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

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

Manitex International Stock Up 0.2 %

MNTX opened at $5.80 on Monday. The business’s 50-day simple moving average is $5.74 and its 200-day simple moving average is $5.14. 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 debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.64. Manitex International has a one year low of $3.07 and a one year high of $8.60.

Hedge Funds 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 acquired a new stake in shares of Manitex International in the 3rd quarter worth $69,000. Marshall Wace LLP acquired a new stake in Manitex International in the second quarter valued at about $128,000. Virtu Financial LLC purchased a new stake in Manitex International in the 3rd quarter valued at approximately $248,000. Cutter & CO Brokerage Inc. increased its position 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 purchasing an additional 27,291 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of Manitex International during the 3rd quarter worth approximately $480,000. 46.01% of the stock is currently owned by hedge funds and other institutional investors.

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.