Manitex International Inc. (MNTX) Stock Price Down 0.6%
Shares of Manitex International Inc. (NASDAQ:MNTX) fell 0.6% during mid-day trading on Friday . The stock traded as low as $6.14 and last traded at $6.26, with a volume of 75,127 shares traded. The stock had previously closed at $6.30.
Several research firms have issued reports on MNTX. Roth Capital restated a “buy” rating and issued a $7.50 price target on shares of Manitex International in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of 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.
The company’s market cap is $100.79 million. The stock has a 50 day moving average of $6.65 and a 200-day moving average of $6.33.
Manitex International (NASDAQ:MNTX) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. The business 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 firm earned $0.02 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts predict that Manitex International Inc. will post $0.01 earnings per share for the current fiscal 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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