Manitex International (NASDAQ:MNTX) Coverage Initiated by Analysts at StockNews.com

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

Several other research firms have also recently weighed in on MNTX. Northland Capmk cut 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 set 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 Trading Down 0.2 %

MNTX stock opened at $5.72 on Friday. The company has a market capitalization of $116.67 million, a price-to-earnings ratio of 12.44 and a beta of 0.77. 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 1-year low of $3.07 and a 1-year high of $9.16. The business has a 50 day simple moving average of $5.72 and a two-hundred day simple moving average of $5.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MNTX. De Lisle Partners LLP raised its stake 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 valued at $6,776,000 after purchasing an additional 940,670 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Manitex International by 0.3% in 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 last quarter. First Eagle Investment Management LLC raised its position 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 valued at $1,356,000 after buying an additional 8,500 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 3,601 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after acquiring an additional 16,433 shares in the last quarter. 46.01% of the stock is currently owned by institutional investors.

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.