Research analysts at StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX – Get Rating) in a note issued to investors on Thursday. The brokerage set a "hold" rating on the industrial products company's stock.
Manitex International Price Performance
Shares of NASDAQ:MNTX traded down $0.19 during midday trading on Thursday, hitting $5.10. The company's stock had a trading volume of 39,005 shares, compared to its average volume of 44,048. The business's 50 day simple moving average is $4.92 and its 200 day simple moving average is $4.79. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.67 and a current ratio of 1.47. The company has a market cap of $102.55 million, a P/E ratio of -25.50 and a beta of 0.61. Manitex International has a 12-month low of $3.48 and a 12-month high of $8.00.
Get Manitex International alerts:Hedge Funds Weigh In On Manitex International
A number of institutional investors have recently bought and sold shares of the company. Legato Capital Management LLC acquired a new stake in shares of Manitex International during the fourth quarter valued at about $376,000. Cannell Capital LLC increased its position in shares of Manitex International by 10.0% during the fourth quarter. Cannell Capital LLC now owns 419,969 shares of the industrial products company's stock valued at $1,680,000 after acquiring an additional 38,176 shares during the last quarter. Royce & Associates LP increased its position in shares of Manitex International by 2.5% during the third quarter. Royce & Associates LP now owns 1,482,824 shares of the industrial products company's stock valued at $8,497,000 after acquiring an additional 36,280 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Manitex International by 42.7% during the fourth quarter. Renaissance Technologies LLC now owns 94,940 shares of the industrial products company's stock valued at $380,000 after acquiring an additional 28,400 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Manitex International during the fourth quarter valued at about $111,000. 47.83% of the stock is owned by hedge funds and other institutional investors.
About Manitex International
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Manitex International, Inc engages in the provision of engineered lifting solutions. It operates through the following operating units: Manitex, Badger, PM Group, Valla, and C&M. The firm products include cranes and machinery. The company was founded in 1993 and is headquartered in Bridgeview, IL.
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