Manitex International Inc. (MNTX) Sees Unusually-High Trading Volume
Manitex International Inc. (NASDAQ:MNTX) saw an uptick in trading volume on Monday . 100,088 shares changed hands during trading, an increase of 71% from the previous session’s volume of 58,384 shares.The stock last traded at $6.30 and had previously closed at $6.25.
Several brokerages have recently weighed in on MNTX. Zacks Investment Research downgraded shares of Manitex International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Roth Capital reissued a “buy” rating and issued a $7.50 target price on shares of Manitex International in a research note on Monday, August 8th.
The firm’s 50 day moving average is $6.76 and its 200 day moving average is $6.32. The stock’s market cap is $101.59 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 consensus estimate of $0.02. The firm had revenue of $96.30 million for the quarter, compared to analysts’ expectations of $98.60 million. During the same period last year, the firm earned $0.02 earnings per share. Manitex International’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect 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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