Manitex International, Inc. (MNTX) Stock Rating Lowered by Roth Capital
Manitex International, Inc. (NASDAQ:MNTX) was downgraded by Roth Capital from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday. They currently have a $10.00 price target on the industrial products company’s stock. Roth Capital’s target price points to a potential upside of 21.21% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on MNTX. Zacks Investment Research cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine upgraded shares of Manitex International from a “sell” rating to a “hold” rating in a research report on Monday, August 7th.
Shares of Manitex International (NASDAQ:MNTX) traded down $0.06 on Tuesday, hitting $8.25. 2,195 shares of the company’s stock were exchanged, compared to its average volume of 52,109. Manitex International has a 1-year low of $4.98 and a 1-year high of $9.89. The firm has a market capitalization of $132.12, a PE ratio of 49.88 and a beta of 2.07. The company has a current ratio of 1.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86.
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Several institutional investors and hedge funds have recently made changes to their positions in MNTX. Dimensional Fund Advisors LP increased its position in shares of Manitex International by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 135,962 shares of the industrial products company’s stock valued at $911,000 after acquiring an additional 4,176 shares during the last quarter. Morgan Stanley grew its holdings in shares of Manitex International by 2.6% in the first quarter. Morgan Stanley now owns 398,816 shares of the industrial products company’s stock valued at $2,673,000 after purchasing an additional 9,980 shares in the last quarter. KCG Holdings Inc. acquired a new position in shares of Manitex International in the first quarter valued at approximately $114,000. Janney Montgomery Scott LLC acquired a new position in shares of Manitex International in the second quarter valued at approximately $105,000. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Manitex International by 37.2% in the second quarter. Essex Investment Management Co. LLC now owns 237,669 shares of the industrial products company’s stock valued at $1,659,000 after purchasing an additional 64,445 shares in the last quarter. Institutional investors and hedge funds own 61.01% of the company’s stock.
About Manitex International
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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