Manitex International Inc. (MNTX) Sees Large Volume Increase
Shares of Manitex International Inc. (NASDAQ:MNTX) saw an uptick in trading volume on Tuesday . 62,327 shares traded hands during mid-day 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.
A number of brokerages have commented on MNTX. Zacks Investment Research downgraded shares of Manitex International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. 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 market capitalization is $100.95 million. The firm has a 50 day moving average of $6.82 and a 200 day moving average of $6.27.
Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The business earned $96.30 million during the quarter, compared to analysts’ expectations of $98.60 million. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. Equities analysts expect that Manitex International Inc. will post $0.01 earnings per share 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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