WealthTrust Axiom LLC Decreases Position in Manitex International Inc (MNTX)
WealthTrust Axiom LLC decreased its stake in Manitex International Inc (NASDAQ:MNTX) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 512,559 shares of the company’s stock after selling 2,965 shares during the period. Manitex International accounts for 1.4% of WealthTrust Axiom LLC’s portfolio, making the stock its 19th largest position. WealthTrust Axiom LLC’s holdings in Manitex International were worth $3,552,000 at the end of the most recent reporting period.
Manitex International Inc (NASDAQ:MNTX) traded up 0.94% during midday trading on Thursday, reaching $5.38. 36,016 shares of the company traded hands. Manitex International Inc has a 12 month low of $4.25 and a 12 month high of $7.68. The firm’s market capitalization is $86.76 million. The company’s 50-day moving average price is $6.00 and its 200 day moving average price is $6.38.
Manitex International (NASDAQ:MNTX) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Manitex International had a negative net margin of 1.44% and a negative return on equity of 0.65%. The firm had revenue of $96.30 million for the quarter, compared to analyst estimates of $98.60 million. During the same period last year, the firm posted $0.02 EPS. Manitex International’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts anticipate that Manitex International Inc will post $0.01 earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. Roth Capital restated a “buy” rating and set a $7.50 price objective 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 objective for the company in a research report on Wednesday, July 13th.
Manitex International Company Profile
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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