Manitex International Inc. (MNTX) Sets New 1-Year High at $7.68
Manitex International Inc. (NASDAQ:MNTX) reached a new 52-week high during mid-day 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 downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 7th.
The firm has a 50 day moving average of $7.02 and a 200 day moving average of $6.11. The company’s market cap is $119.81 million.
Manitex International (NASDAQ:MNTX) last announced its earnings results on Thursday, May 5th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $102.36 million for the quarter, compared to analyst estimates of $93.85 million. Manitex International’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. Analysts expect that Manitex International Inc. will post $0.14 earnings per share for the current 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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