Manitex International Inc. (MNTX) Shares Down 6.3%
Manitex International Inc. (NASDAQ:MNTX) dropped 6.3% during mid-day trading on Wednesday . The company traded as low as $6.11 and last traded at $6.22, with a volume of 128,137 shares. The stock had previously closed at $6.64.
MNTX has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Manitex International from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a 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 report on Monday.
The stock’s market cap is $100.30 million. The company’s 50 day moving average price is $7.07 and its 200 day moving average price is $6.22.
Manitex International (NASDAQ:MNTX) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates 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 quarter last year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts anticipate that Manitex International Inc. will post $0.14 earnings per share 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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