Manitex International (MNTX) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Manitex International (NASDAQ:MNTX) from a strong-buy rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “MANITEX INTERNATIONAL INC is a leading provider of engineered lifting solutions including boom trucks, cranes, rough terrain forklifts, and special mission oriented vehicles. Through their subsidiaries, they manufacture and market a comprehensive line of boom trucks and sign cranes. Their boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction. The Manitex Liftking subsidiary, which includes the Noble forklift product line, manufactures and sells a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment. “

Separately, 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 research note on Tuesday, November 7th.

Shares of Manitex International (NASDAQ:MNTX) opened at $9.52 on Wednesday. Manitex International has a 12 month low of $6.21 and a 12 month high of $10.00. The stock has a market cap of $155.47, a price-to-earnings ratio of -3.81 and a beta of 2.02. The company has a current ratio of 1.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86.

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Manitex International by 3.2% during the 1st 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Manitex International by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 520,258 shares of the industrial products company’s stock valued at $3,632,000 after acquiring an additional 9,279 shares in the last quarter. Auxier Asset Management lifted its holdings in shares of Manitex International by 4.9% during the 2nd quarter. Auxier Asset Management now owns 201,881 shares of the industrial products company’s stock valued at $1,409,000 after acquiring an additional 9,500 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Manitex International by 110.5% during the 3rd quarter. Wedbush Securities Inc. now owns 30,858 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Manitex International by 16.3% during the 2nd quarter. Victory Capital Management Inc. now owns 122,120 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 17,080 shares in the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.com-unik.info/2018/01/06/manitex-international-mntx-downgraded-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Manitex International (MNTX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Manitex International? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Manitex International and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit