Manitex International Inc. (MNTX) Stock Price Down 2.5%
Manitex International Inc. (NASDAQ:MNTX) shares dropped 2.5% on Tuesday . The stock traded as low as $5.80 and last traded at $5.84, with a volume of 66,829 shares trading hands. The stock had previously closed at $5.99.
MNTX has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 7th. Roth Capital restated a “buy” rating and issued a $7.50 target price on shares of Manitex International in a research note on Monday, August 8th.
The firm’s 50-day moving average is $6.98 and its 200 day moving average is $6.24. The stock’s market capitalization is $94.66 million.
Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The company earned $96.30 million during the quarter, compared to analysts’ expectations of $98.60 million. Manitex International’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. Analysts anticipate that Manitex International Inc. will post $0.01 EPS 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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