Manitex International Inc. (MNTX) Sees Strong Trading Volume
Manitex International Inc. (NASDAQ:MNTX) saw strong trading volume on Monday . 107,300 shares were traded during trading, an increase of 75% from the previous session’s volume of 61,363 shares.The stock last traded at $6.25 and had previously closed at $6.30.
A number of analysts have recently issued reports on the company. Roth Capital reiterated a “buy” rating and set a $7.50 target price on shares of Manitex International in a report on Monday, August 8th. Zacks Investment Research upgraded Manitex International from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Wednesday, July 13th.
The company has a 50-day moving average of $6.65 and a 200-day moving average of $6.33. The company’s market cap is $100.79 million.
Manitex International (NASDAQ:MNTX) last announced its earnings results on Thursday, August 4th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $96.30 million for the quarter, compared to analysts’ expectations of $98.60 million. During the same period in the prior year, the company earned $0.02 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities research analysts predict 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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