Manitex International, Inc. (NASDAQ:MNTX) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.

Separately, Roth Capital set a $10.00 target price on Manitex International and gave the stock a “buy” rating in a research report on Thursday, June 8th.

Manitex International (NASDAQ:MNTX) traded up 1.36% on Monday, reaching $8.20. The company had a trading volume of 79,411 shares. Manitex International has a 12 month low of $4.98 and a 12 month high of $9.89. The firm has a 50-day moving average of $7.03 and a 200-day moving average of $7.41. The stock’s market capitalization is $135.73 million.

Manitex International (NASDAQ:MNTX) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.08. The business had revenue of $51.60 million for the quarter, compared to analyst estimates of $44.35 million. Manitex International had a positive return on equity of 2.31% and a negative net margin of 15.69%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. On average, equities research analysts expect that Manitex International will post $0.16 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its position in Manitex International by 35.0% in the second quarter. Wedbush Securities Inc. now owns 14,658 shares of the industrial products company’s stock valued at $102,000 after buying an additional 3,800 shares during the period. Dimensional Fund Advisors LP raised its position in Manitex International by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 135,962 shares of the industrial products company’s stock valued at $911,000 after buying an additional 4,176 shares during the period. Morgan Stanley raised its position in Manitex International by 2.6% in the first quarter. Morgan Stanley now owns 398,816 shares of the industrial products company’s stock valued at $2,673,000 after buying an additional 9,980 shares during the period. Janney Montgomery Scott LLC bought a new position in Manitex International during the second quarter valued at approximately $105,000. Finally, Trexquant Investment LP bought a new position in Manitex International during the second quarter valued at approximately $106,000. 66.06% of the stock is currently owned by institutional investors.

Manitex International Company Profile

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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