Manitex International Inc. (MNTX) Sets New 52-Week High at $7.68
Shares of Manitex International Inc. (NASDAQ:MNTX) hit a new 52-week high during trading on Thursday . The stock traded as high as $7.68 and last traded at $7.56, with a volume of 11,723 shares trading hands. The stock had previously closed at $7.40.
Separately, Zacks Investment Research upgraded shares of Manitex International from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research note on Wednesday, July 13th.
The company’s market capitalization is $121.26 million. The company’s 50 day moving average is $7.01 and its 200 day moving average is $6.10.
Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company earned $102.36 million during the quarter, compared to analyst estimates of $93.85 million. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. On average, equities analysts forecast that Manitex International Inc. will post $0.14 EPS for the current fiscal year.
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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