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

Stock analysts at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX – Get Rating) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the industrial products company’s stock.

Manitex International Stock Down 3.2 %

MNTX stock opened at $4.79 on Friday. 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 stock has a market capitalization of $96.71 million, a price-to-earnings ratio of -22.81 and a beta of 0.63. The business’s fifty day moving average price is $5.07 and its two-hundred day moving average price is $4.82. Manitex International has a fifty-two week low of $3.48 and a fifty-two week high of $7.72.

Manitex International (NASDAQ:MNTX – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The industrial products company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $78.82 million for the quarter, compared to analysts’ expectations of $78.80 million. Manitex International had a positive return on equity of 7.70% and a negative net margin of 1.81%. On average, equities analysts anticipate that Manitex International will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in Manitex International by 2.6% during the 1st quarter. Royce & Associates LP now owns 1,467,735 shares of the industrial products company’s stock worth $7,647,000 after buying an additional 37,220 shares during the period. WealthTrust Axiom LLC increased its position in shares of Manitex International by 1.7% in the first quarter. WealthTrust Axiom LLC now owns 995,780 shares of the industrial products company’s stock worth $5,188,000 after purchasing an additional 16,250 shares during the period. First Wilshire Securities Management Inc. increased its position in shares of Manitex International by 3.7% in the first quarter. First Wilshire Securities Management Inc. now owns 957,754 shares of the industrial products company’s stock worth $4,990,000 after purchasing an additional 34,380 shares during the period. Cannell Capital LLC increased its position in shares of Manitex International by 3.7% in the first quarter. Cannell Capital LLC now owns 435,483 shares of the industrial products company’s stock worth $2,269,000 after purchasing an additional 15,514 shares during the period. Finally, Essex Investment Management Co. LLC increased its position in shares of Manitex International by 16.8% in the first quarter. Essex Investment Management Co. LLC now owns 291,807 shares of the industrial products company’s stock worth $1,520,000 after purchasing an additional 41,893 shares during the period. Institutional investors own 47.83% of the company’s stock.

About Manitex International

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Manitex International, Inc engages in the provision of engineered lifting solutions. It operates through the following operating units: Manitex, Badger, PM Group, Valla, and C&M. The firm products include cranes and machinery. The company was founded in 1993 and is headquartered in Bridgeview, IL.