StockNews.com Begins Coverage on Manitex International (NASDAQ:MNTX)

StockNews.com initiated coverage on shares of Manitex International (NASDAQ:MNTX) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the industrial products company’s stock.

A number of other brokerages have also recently issued reports on MNTX. Northland Securities assumed coverage on shares of Manitex International in a research report on Monday, August 14th. They set an outperform rating and a $10.00 target price for the company. Roth Mkm reiterated a buy rating and issued a $8.00 price target on shares of Manitex International in a research report on Monday, September 18th.

Manitex International Trading Up 2.2 %

Shares of MNTX stock opened at $6.39 on Friday. Manitex International has a 52-week low of $3.48 and a 52-week high of $6.67. The stock has a market cap of $129.40 million, a price-to-earnings ratio of 45.65 and a beta of 0.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.63 and a current ratio of 1.60. The firm has a fifty day moving average of $4.80 and a 200-day moving average of $4.88.

Hedge Funds Weigh In On Manitex International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Eqis Capital Management Inc. bought a new position in Manitex International during the first quarter worth $86,000. Envestnet Asset Management Inc. bought a new position in Manitex International during the fourth quarter worth $54,000. HRT Financial LP bought a new stake in shares of Manitex International in the fourth quarter valued at about $63,000. Millennium Management LLC bought a new stake in shares of Manitex International in the fourth quarter valued at about $66,000. Finally, Jane Street Group LLC bought a new stake in shares of Manitex International in the fourth quarter valued at about $111,000. 43.38% of the stock is owned by institutional investors.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.