StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX – Free Report) in a research report released on Tuesday morning. The brokerage issued a hold rating on the industrial products company’s stock.
Manitex International Stock Up 0.2 %
Shares of Manitex International stock opened at $5.80 on Tuesday. The stock’s 50-day moving average is $5.76 and its 200 day moving average is $5.19. Manitex International has a one year low of $3.07 and a one year high of $8.60. The firm has a market cap of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66.
Institutional Trading of Manitex International
Several hedge funds have recently modified their holdings of MNTX. Oddo BHF Asset Management Sas acquired a new stake in Manitex International in the third quarter worth $69,000. Virtu Financial LLC bought a new position in shares of Manitex International during the 3rd quarter worth about $248,000. Geode Capital Management LLC grew its stake in shares of Manitex International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock valued at $928,000 after buying an additional 3,601 shares during the period. De Lisle Partners LLP increased its position in Manitex International by 359.3% in the 3rd quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock valued at $6,776,000 after buying an additional 940,670 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Manitex International during the 3rd quarter worth approximately $480,000. Institutional investors own 46.01% of the company’s stock.
About Manitex International
Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, 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.
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