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

StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX) in a research report sent to investors on Wednesday. The firm issued a hold rating on the industrial products company’s stock.

Manitex International Stock Performance

MNTX opened at $5.80 on Wednesday. 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 cap of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. Manitex International has a 12-month low of $3.07 and a 12-month high of $8.60. The business has a 50 day moving average of $5.77 and a 200-day moving average of $5.26.

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. The firm had revenue of $66.54 million for the quarter, compared to the consensus estimate of $69.97 million. Manitex International had a net margin of 3.19% and a return on equity of 16.60%. On average, equities research analysts expect that Manitex International will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Manitex International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Manitex International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock valued at $928,000 after purchasing an additional 3,601 shares during the period. Empowered Funds LLC acquired a new stake in shares of Manitex International during the third quarter worth $480,000. Marshall Wace LLP bought a new stake in shares of Manitex International in the second quarter valued at about $128,000. De Lisle Partners LLP increased its position in Manitex International by 359.3% during the third quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock worth $6,776,000 after acquiring an additional 940,670 shares during the period. Finally, Trium Capital LLP acquired a new stake in Manitex International in the 4th quarter worth about $1,626,000. Institutional investors and hedge funds 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.