Manitex International (NASDAQ:MNTX) Shares Up 6.6%

Manitex International Inc (NASDAQ:MNTX)’s stock price shot up 6.6% during trading on Friday . The stock traded as high as $6.07 and last traded at $5.19. 98,677 shares traded hands during trading, an increase of 98% from the average session volume of 49,722 shares. The stock had previously closed at $4.87.

Several research firms recently commented on MNTX. ValuEngine raised shares of Manitex International from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Zacks Investment Research lowered shares of Manitex International from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Roth Capital reissued a “buy” rating on shares of Manitex International in a research note on Friday, March 15th.

The company has a market capitalization of $110.82 million, a PE ratio of 16.56 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 1.72.

Manitex International (NASDAQ:MNTX) last issued its earnings results on Monday, May 6th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $57.42 million during the quarter, compared to the consensus estimate of $57.20 million. Manitex International had a positive return on equity of 6.82% and a negative net margin of 4.44%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of Manitex International by 52.7% in 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 in the last quarter. Private Advisor Group LLC lifted its stake in shares of Manitex International by 30.8% in the first quarter. Private Advisor Group LLC now owns 17,000 shares of the industrial products company’s stock worth $130,000 after buying an additional 4,000 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Manitex International by 67.9% in the fourth quarter. Bank of America Corp DE now owns 30,145 shares of the industrial products company’s stock worth $171,000 after buying an additional 12,187 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Manitex International by 2.9% in the fourth quarter. Deutsche Bank AG now owns 49,049 shares of the industrial products company’s stock worth $276,000 after buying an additional 1,383 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Manitex International by 17.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 36,363 shares of the industrial products company’s stock worth $279,000 after buying an additional 5,294 shares in the last quarter. Hedge funds and other institutional investors own 52.32% of the company’s stock.

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Manitex International Company Profile (NASDAQ:MNTX)

Manitex International, Inc provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.

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