Manitex International Inc (NASDAQ:MNTX) has earned a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.
Brokerages have set a one year consensus target price of $7.00 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Manitex International an industry rank of 182 out of 256 based on the ratings given to its competitors.
Several brokerages have recently weighed in on MNTX. Dougherty & Co reiterated a “buy” rating on shares of Manitex International in a research report on Wednesday, August 28th. ValuEngine upgraded shares of Manitex International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.
In other news, CEO Steve Filipov purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $5.60 per share, with a total value of $28,000.00. Following the acquisition, the chief executive officer now directly owns 55,000 shares of the company’s stock, valued at approximately $308,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.07% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. WealthTrust Axiom LLC lifted its holdings in Manitex International by 3.3% during the 2nd quarter. WealthTrust Axiom LLC now owns 910,992 shares of the industrial products company’s stock valued at $5,566,000 after purchasing an additional 29,046 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Manitex International by 9.4% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 795,091 shares of the industrial products company’s stock valued at $4,858,000 after purchasing an additional 68,559 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Manitex International by 24.6% during the 2nd quarter. Vanguard Group Inc. now owns 727,181 shares of the industrial products company’s stock valued at $4,443,000 after purchasing an additional 143,414 shares during the last quarter. First Wilshire Securities Management Inc. lifted its holdings in Manitex International by 21.4% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 613,460 shares of the industrial products company’s stock valued at $3,748,000 after purchasing an additional 108,099 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of Manitex International by 2.5% in the first quarter. Kennedy Capital Management Inc. now owns 436,294 shares of the industrial products company’s stock worth $3,338,000 after acquiring an additional 10,744 shares during the last quarter. 51.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Manitex International stock traded up $0.23 during trading on Friday, hitting $6.48. 97,417 shares of the company’s stock traded hands, compared to its average volume of 51,865. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.83 and a quick ratio of 0.90. The firm’s fifty day moving average price is $5.82 and its 200 day moving average price is $6.60. Manitex International has a twelve month low of $4.80 and a twelve month high of $10.94. The company has a market cap of $123.06 million, a PE ratio of 19.64, a PEG ratio of 1.95 and a beta of 1.59.
Manitex International (NASDAQ:MNTX) last issued its earnings results on Thursday, August 8th. The industrial products company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Manitex International had a negative net margin of 2.74% and a positive return on equity of 6.11%. The business had revenue of $60.97 million for the quarter. As a group, equities research analysts anticipate that Manitex International will post 0.32 earnings per share for the current year.
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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