Research analysts at StockNews.com initiated coverage on shares of Manitex International (NASDAQ:MNTX – Get Free Report) in a research report issued on Thursday. The firm set a “hold” rating on the industrial products company’s stock.
Manitex International Trading Up 1.9 %
MNTX opened at $5.29 on Thursday. Manitex International has a fifty-two week low of $3.48 and a fifty-two week high of $6.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.55 and a quick ratio of 0.66. The company has a market cap of $106.83 million, a price-to-earnings ratio of -25.19 and a beta of 0.68. The firm has a 50 day simple moving average of $4.93 and a 200 day simple moving average of $4.91.
Manitex International (NASDAQ:MNTX – Get Free Report) last released its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. The company had revenue of $67.87 million during the quarter, compared to analysts’ expectations of $65.80 million. Manitex International had a negative net margin of 1.81% and a positive return on equity of 7.70%. On average, sell-side analysts anticipate that Manitex International will post 0.19 earnings per share for the current year.
Institutional Trading of Manitex International
Several institutional investors and hedge funds have recently added to or reduced their stakes in MNTX. State Street Corp increased its position in Manitex International by 13.2% during the first quarter. State Street Corp now owns 42,082 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 4,901 shares during the period. Eqis Capital Management Inc. acquired a new stake in shares of Manitex International in the 1st quarter valued at approximately $86,000. Cannell Capital LLC boosted its stake in shares of Manitex International by 1.1% in the 1st quarter. Cannell Capital LLC now owns 365,362 shares of the industrial products company’s stock valued at $2,660,000 after purchasing an additional 3,800 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Manitex International by 9.2% in the 2nd quarter. Renaissance Technologies LLC now owns 75,040 shares of the industrial products company’s stock valued at $487,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new stake in shares of Manitex International in the 4th quarter valued at approximately $376,000. 57.92% of the stock is owned by institutional investors.
About Manitex International
Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, 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.