Shares of Manitex International Inc (NASDAQ:MNTX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus target price of $12.00 for the company, according to Zacks. Zacks has also given Manitex International an industry rank of 160 out of 255 based on the ratings given to its competitors.
A number of equities analysts have recently commented on the stock. Roth Capital reissued a “buy” rating on shares of Manitex International in a report on Friday, March 15th. Zacks Investment Research upgraded shares of Manitex International from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, ValuEngine upgraded shares of Manitex International from a “sell” rating to a “hold” rating in a research note on Friday, April 5th.
Shares of NASDAQ:MNTX traded up $0.02 during midday trading on Friday, reaching $8.06. 5 shares of the company traded hands, compared to its average volume of 51,051. Manitex International has a 12 month low of $5.00 and a 12 month high of $13.26. The firm has a market cap of $158.60 million, a price-to-earnings ratio of 24.55 and a beta of 1.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.81.
Manitex International (NASDAQ:MNTX) last announced its quarterly earnings results on Thursday, March 14th. The industrial products company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). Manitex International had a negative net margin of 5.44% and a positive return on equity of 6.75%. The company had revenue of $60.59 million for the quarter, compared to the consensus estimate of $63.20 million. Equities analysts predict that Manitex International will post 0.47 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Rutabaga Capital Management LLC MA increased its holdings in shares of Manitex International by 43.7% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 713,161 shares of the industrial products company’s stock valued at $4,051,000 after purchasing an additional 217,018 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Manitex International by 18.8% in the third quarter. Vanguard Group Inc now owns 715,261 shares of the industrial products company’s stock worth $7,532,000 after purchasing an additional 113,430 shares during the period. Vanguard Group Inc. increased its stake in shares of Manitex International by 18.8% in the third quarter. Vanguard Group Inc. now owns 715,261 shares of the industrial products company’s stock worth $7,532,000 after purchasing an additional 113,430 shares during the period. Putnam Investments LLC increased its position in Manitex International by 47.0% in the 3rd quarter. Putnam Investments LLC now owns 297,374 shares of the industrial products company’s stock worth $3,131,000 after buying an additional 95,074 shares during the period. Finally, WealthTrust Axiom LLC increased its position in Manitex International by 9.1% in the 4th quarter. WealthTrust Axiom LLC now owns 877,838 shares of the industrial products company’s stock worth $4,986,000 after buying an additional 73,073 shares during the period. 52.89% of the stock is currently owned by institutional investors and hedge funds.
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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