Manitex International Inc. (MNTX) Sees Large Volume Increase
Manitex International Inc. (NASDAQ:MNTX) saw unusually-high trading volume on Tuesday . Approximately 62,327 shares traded hands during trading, an increase of 23% from the previous session’s volume of 50,787 shares.The stock last traded at $5.85 and had previously closed at $5.84.
MNTX has been the subject of a number of analyst reports. Zacks Investment Research lowered Manitex International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Roth Capital reissued a “buy” rating and set a $7.50 price objective on shares of Manitex International in a research note on Monday, August 8th.
The firm’s market capitalization is $97.56 million. The company has a 50 day moving average price of $6.84 and a 200 day moving average price of $6.27.
Manitex International (NASDAQ:MNTX) last released its earnings results on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $96.30 million for the quarter, compared to the consensus estimate of $98.60 million. During the same period in the prior year, the firm posted $0.02 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts expect 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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