Shares of Manitex International Inc (NASDAQ:MNTX) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports.
Brokers have set a 1 year consensus price objective of $13.00 for the company and are predicting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Manitex International an industry rank of 142 out of 255 based on the ratings given to related companies.
A number of equities research analysts recently issued reports on MNTX shares. Zacks Investment Research raised Manitex International from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. ValuEngine lowered Manitex International from a “hold” rating to a “sell” rating in a report on Friday, November 16th.
Several large investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in Manitex International by 52.7% during the fourth quarter. Rhumbline Advisers now owns 18,666 shares of the industrial products company’s stock worth $106,000 after buying an additional 6,442 shares during the last quarter. Citadel Advisors LLC bought a new stake in Manitex International during the third quarter worth about $106,000. Bank of America Corp DE lifted its position in Manitex International by 67.9% during the fourth quarter. Bank of America Corp DE now owns 30,145 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 12,187 shares during the period. Usca Ria LLC bought a new stake in Manitex International during the third quarter worth about $184,000. Finally, Beddow Capital Management Inc. lifted its position in Manitex International by 14.3% during the fourth quarter. Beddow Capital Management Inc. now owns 40,000 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 5,000 shares during the period. 53.03% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:MNTX traded down $0.38 during trading on Friday, hitting $7.21. The company had a trading volume of 863 shares, compared to its average volume of 32,899. The firm has a market capitalization of $149.91 million, a price-to-earnings ratio of 37.25 and a beta of 1.52. Manitex International has a one year low of $5.00 and a one year high of $13.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.92 and a quick ratio of 0.99.
Manitex International (NASDAQ:MNTX) last posted its quarterly earnings data on Thursday, March 14th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $60.59 million during the quarter, compared to the consensus estimate of $63.20 million. Manitex International had a negative net margin of 1.28% and a positive return on equity of 6.69%. As a group, analysts expect that Manitex International will post 0.35 earnings per share for the current fiscal year.
About Manitex International
Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
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