Manitex International Inc. (MNTX) Shares Down 2.5%
Manitex International Inc. (NASDAQ:MNTX) shares traded down 2.5% during mid-day trading on Tuesday . The stock traded as low as $5.80 and last traded at $5.84, with a volume of 66,829 shares. The stock had previously closed at $5.99.
Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Manitex International from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Roth Capital reissued a “buy” rating and set a $7.50 price target on shares of Manitex International in a report on Monday, August 8th.
The company’s market capitalization is $94.66 million. The stock’s 50-day moving average price is $6.95 and its 200 day moving average price is $6.24.
Manitex International (NASDAQ:MNTX) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The company earned $96.30 million during the quarter, compared to analyst estimates of $98.60 million. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. Equities analysts anticipate that Manitex International Inc. will post $0.01 EPS 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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