Shares of Manitex International Inc. (NASDAQ:MNTX) shot up 3.8% during trading on Tuesday . The stock traded as high as $7.64 and last traded at $7.33, with a volume of 66,082 shares traded. The stock had previously closed at $7.06.

Separately, Zacks Investment Research cut Manitex International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th.

The company has a 50 day moving average of $7.05 and a 200 day moving average of $6.15. The firm’s market capitalization is $118.20 million.

Manitex International (NASDAQ:MNTX) last announced its earnings results on Thursday, May 5th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business earned $102.36 million during the quarter, compared to analyst estimates of $93.85 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that Manitex International Inc. will post $0.14 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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