Manitex International Inc. (MNTX) Shares Down 0.6%
Manitex International Inc. (NASDAQ:MNTX) shares dropped 0.6% during trading on Friday . The company traded as low as $6.14 and last traded at $6.26, with a volume of 75,127 shares changing hands. The stock had previously closed at $6.30.
MNTX has been the subject of a number of research reports. Zacks Investment Research upgraded Manitex International from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Wednesday, July 13th. Roth Capital reiterated a “buy” rating and set a $7.50 target price on shares of Manitex International in a research report on Monday, August 8th.
The stock has a 50 day moving average price of $6.65 and a 200 day moving average price of $6.33. The company’s market capitalization is $100.79 million.
Manitex International (NASDAQ:MNTX) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. During the same quarter in the prior year, the business posted $0.02 earnings per share. The company had revenue of $96.30 million for the quarter, compared to analysts’ expectations of $98.60 million. The firm’s revenue was down 4.2% compared to the same quarter last year. 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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