Shares of Manitex International Inc (NASDAQ:MNTX) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $15.00 for the company and are predicting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also given Manitex International an industry rank of 80 out of 255 based on the ratings given to related companies.

A number of research firms recently commented on MNTX. Zacks Investment Research raised shares of Manitex International from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. ValuEngine cut shares of Manitex International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, TheStreet raised shares of Manitex International from a “d” rating to a “c” rating in a research note on Wednesday, August 15th.

Manitex International stock opened at $8.36 on Wednesday. Manitex International has a twelve month low of $7.28 and a twelve month high of $13.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 1.79. The stock has a market capitalization of $168.22 million, a PE ratio of 30.64 and a beta of 1.28.

Manitex International (NASDAQ:MNTX) last posted its earnings results on Tuesday, August 7th. The industrial products company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manitex International had a positive return on equity of 6.07% and a negative net margin of 1.98%. The business had revenue of $63.90 million during the quarter, compared to the consensus estimate of $62.05 million. On average, equities analysts forecast that Manitex International will post 0.41 earnings per share for the current fiscal year.

In other news, Director Robert S. Gigliotti sold 4,400 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $11.71, for a total value of $51,524.00. Following the completion of the sale, the director now owns 83,750 shares of the company’s stock, valued at approximately $980,712.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.78% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Putnam Investments LLC purchased a new stake in shares of Manitex International in the 2nd quarter worth approximately $2,525,000. Cortina Asset Management LLC raised its stake in shares of Manitex International by 2.6% during the 2nd quarter. Cortina Asset Management LLC now owns 577,677 shares of the industrial products company’s stock worth $7,209,000 after acquiring an additional 14,756 shares in the last quarter. Rutabaga Capital Management LLC MA raised its stake in shares of Manitex International by 3.8% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 512,843 shares of the industrial products company’s stock worth $6,400,000 after acquiring an additional 18,750 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Manitex International during the 2nd quarter worth approximately $116,000. Finally, Manatuck Hill Partners LLC raised its stake in shares of Manitex International by 5.4% during the 2nd quarter. Manatuck Hill Partners LLC now owns 387,700 shares of the industrial products company’s stock worth $4,838,000 after acquiring an additional 20,000 shares in the last quarter. 56.36% of the stock is owned by hedge funds and other institutional investors.

About Manitex International

Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.

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