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.

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

(Get Rating)

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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