Manitex International Inc (NASDAQ:MNTX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.95 and last traded at $12.61, with a volume of 655 shares changing hands. The stock had previously closed at $12.94.
Several equities research analysts have issued reports on MNTX shares. Zacks Investment Research raised shares of Manitex International from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Thursday, April 5th. ValuEngine raised shares of Manitex International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 26th.
Get Manitex International alerts:The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.53. The firm has a market capitalization of $208.03 million, a price-to-earnings ratio of 63.95 and a beta of 1.48.
Manitex International (NASDAQ:MNTX) last posted its earnings results on Wednesday, May 9th. The industrial products company reported $0.05 earnings per share for the quarter. Manitex International had a negative net margin of 2.68% and a positive return on equity of 5.12%. The business had revenue of $56.68 million for the quarter, compared to analyst estimates of $51.55 million. equities analysts predict that Manitex International Inc will post 0.49 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of MNTX. Millennium Management LLC lifted its position in Manitex International by 336.5% during the 1st quarter. Millennium Management LLC now owns 133,066 shares of the industrial products company’s stock worth $1,521,000 after buying an additional 102,581 shares in the last quarter. Cannell Capital LLC lifted its position in Manitex International by 728.1% during the 1st quarter. Cannell Capital LLC now owns 74,530 shares of the industrial products company’s stock worth $852,000 after buying an additional 65,530 shares in the last quarter. Wells Fargo & Company MN lifted its position in Manitex International by 14.7% during the 1st quarter. Wells Fargo & Company MN now owns 414,430 shares of the industrial products company’s stock worth $4,737,000 after buying an additional 52,962 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Manitex International by 45.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 170,266 shares of the industrial products company’s stock worth $1,946,000 after buying an additional 52,804 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new position in Manitex International during the 1st quarter worth about $540,000. Institutional investors and hedge funds own 60.80% of the company’s stock.
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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