Positive Media Coverage Somewhat Unlikely to Affect Manitex International (MNTX) Stock Price

News stories about Manitex International (NASDAQ:MNTX) have trended positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Manitex International earned a news sentiment score of 0.33 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.8732828675843 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Roth Capital cut shares of Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Tuesday, November 7th.

Manitex International (NASDAQ MNTX) traded down $0.03 on Friday, hitting $9.93. 16,501 shares of the stock traded hands, compared to its average volume of 45,755. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.64. Manitex International has a 1 year low of $6.21 and a 1 year high of $10.20. The stock has a market capitalization of $164.41, a PE ratio of -8.21 and a beta of 2.02.

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Manitex International Company Profile

Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.

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