Manitex International (MNTX) Downgraded by ValuEngine

ValuEngine lowered shares of Manitex International (NASDAQ:MNTX) from a hold rating to a sell rating in a research report released on Wednesday, May 8th, ValuEngine reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Manitex International from a hold rating to a sell rating in a research report on Wednesday, March 20th. Roth Capital restated a buy rating on shares of Manitex International in a research report on Friday, March 15th.

MNTX traded down $0.05 during trading on Wednesday, reaching $5.97. The company’s stock had a trading volume of 33,700 shares, compared to its average volume of 46,635. Manitex International has a 52-week low of $5.00 and a 52-week high of $13.26. The company has a current ratio of 1.72, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $119.08 million, a PE ratio of 18.09 and a beta of 1.50.

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

A number of institutional investors and hedge funds have recently modified their holdings of MNTX. Rutabaga Capital Management LLC MA raised its holdings in Manitex International by 43.7% in the 4th quarter. Rutabaga Capital Management LLC MA now owns 713,161 shares of the industrial products company’s stock valued at $4,051,000 after acquiring an additional 217,018 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Manitex International by 20.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 726,532 shares of the industrial products company’s stock valued at $5,558,000 after acquiring an additional 121,293 shares during the last quarter. Vanguard Group Inc raised its holdings in Manitex International by 18.8% in the 3rd quarter. Vanguard Group Inc now owns 715,261 shares of the industrial products company’s stock valued at $7,532,000 after acquiring an additional 113,430 shares during the last quarter. Vanguard Group Inc. raised its holdings in Manitex International by 18.8% in the 3rd quarter. Vanguard Group Inc. now owns 715,261 shares of the industrial products company’s stock valued at $7,532,000 after acquiring an additional 113,430 shares during the last quarter. Finally, WealthTrust Axiom LLC raised its holdings in Manitex International by 9.1% in the 4th quarter. WealthTrust Axiom LLC now owns 877,838 shares of the industrial products company’s stock valued at $4,986,000 after acquiring an additional 73,073 shares during the last quarter. Institutional investors own 52.32% of the company’s stock.

Manitex International Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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