Manitex International (MNTX) Reaches New 1-Year Low at $7.72

Manitex International Inc (NASDAQ:MNTX)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $7.72 and last traded at $7.69, with a volume of 62222 shares trading hands. The stock had previously closed at $8.03.

MNTX has been the subject of several research analyst reports. Zacks Investment Research upgraded Manitex International from a “sell” rating to a “hold” rating in a report on Friday, August 24th. ValuEngine cut Manitex International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. Finally, TheStreet upgraded Manitex International from a “d” rating to a “c” rating in a report on Wednesday, August 15th.

The company has a market cap of $157.57 million, a PE ratio of 36.10 and a beta of 1.33. 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, November 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $60.94 million during the quarter, compared to analyst estimates of $63.10 million. Manitex International had a positive return on equity of 6.69% and a negative net margin of 1.28%. Equities analysts predict that Manitex International Inc will post 0.35 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Northern Trust Corp lifted its stake in shares of Manitex International by 18.9% during the 1st quarter. Northern Trust Corp now owns 41,789 shares of the industrial products company’s stock worth $477,000 after acquiring an additional 6,634 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 52,804 shares during the last quarter. Millennium Management LLC lifted its stake in shares of 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 acquiring an additional 102,581 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Manitex International during the 2nd quarter worth approximately $116,000. Finally, Rhumbline Advisers bought a new stake in shares of Manitex International during the 2nd quarter worth approximately $152,000. 56.18% of the stock is owned by institutional investors and hedge funds.

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Manitex International Company Profile (NASDAQ:MNTX)

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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