Manitex International Inc. (MNTX) Stock Price Down 2.3%
Manitex International Inc. (NASDAQ:MNTX)’s share price was down 2.3% during mid-day trading on Monday . The company traded as low as $5.79 and last traded at $5.89, with a volume of 92,298 shares. The stock had previously closed at $6.03.
A number of equities analysts have recently issued reports on MNTX shares. Zacks Investment Research raised Manitex International from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Wednesday, July 13th. Roth Capital reissued a “buy” rating and issued a $7.50 target price on shares of Manitex International in a research report on Monday, August 8th.
The stock’s 50-day moving average is $6.86 and its 200-day moving average is $6.27. The stock’s market cap is $94.18 million.
Manitex International (NASDAQ:MNTX) last posted its earnings results on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company earned $96.30 million during the quarter, compared to analyst estimates of $98.60 million. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. On average, 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.
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