Manitex International (NASDAQ:MNTX) Now Covered by Analysts at StockNews.com

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

Manitex International Trading Up 0.2 %

NASDAQ:MNTX opened at $5.80 on Thursday. The firm has a market capitalization of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. The business has a 50 day simple moving average of $5.77 and a 200 day simple moving average of $5.30. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. Manitex International has a 12-month low of $3.07 and a 12-month high of $8.60.

Manitex International (NASDAQ:MNTX) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $66.54 million during 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%. Equities research analysts predict that Manitex International will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Manitex International

Several large investors have recently made changes to their positions in MNTX. Geode Capital Management LLC boosted its position in shares of Manitex International by 2.2% during the third 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. Empowered Funds LLC bought a new stake in Manitex International during the 3rd quarter valued at $480,000. Marshall Wace LLP acquired a new position in Manitex International during the 2nd quarter worth $128,000. De Lisle Partners LLP grew its stake in shares of Manitex International by 359.3% in 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 purchasing an additional 940,670 shares in the last quarter. Finally, Trium Capital LLP acquired a new position in shares of Manitex International during the fourth quarter valued at $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.