Manitex International Inc. (MNTX) Trading Up 4.4%
Manitex International Inc. (NASDAQ:MNTX) shares were up 4.4% during trading on Monday . The stock traded as high as $6.09 and last traded at $5.98, with a volume of 56,304 shares traded. The stock had previously closed at $5.73.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Manitex International from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, July 6th. Roth Capital reissued a “buy” rating and issued a $7.50 price objective on shares of Manitex International in a research report on Monday, August 8th.
The firm’s market capitalization is $96.51 million. The firm has a 50-day moving average of $6.99 and a 200-day moving average of $6.24.
Manitex International (NASDAQ:MNTX) last released its earnings results on Thursday, August 4th. The company reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02. The firm earned $96.30 million during the quarter, compared to the consensus estimate of $98.60 million. During the same period in the prior year, the company earned $0.02 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that Manitex International Inc. will post $0.01 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.