Manitex International (NASDAQ:MNTX) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a report issued on Tuesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Manitex International Price Performance

Shares of NASDAQ MNTX opened at $5.80 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The stock has a market cap of $118.30 million, a P/E ratio of 12.61 and a beta of 0.77. The stock has a 50 day moving average of $5.76 and a two-hundred day moving average of $5.19. Manitex International has a twelve month low of $3.07 and a twelve month high of $8.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MNTX. De Lisle Partners LLP raised its holdings in shares of Manitex International by 359.3% in the third quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock valued at $6,776,000 after buying an additional 940,670 shares during the last quarter. Trium Capital LLP acquired a new position in Manitex International in the 4th quarter valued at about $1,626,000. Empowered Funds LLC purchased a new stake in Manitex International during the 3rd quarter valued at approximately $480,000. Virtu Financial LLC acquired a new stake in Manitex International during the 3rd quarter worth approximately $248,000. Finally, Marshall Wace LLP purchased a new position in shares of Manitex International in the 2nd quarter valued at approximately $128,000. 46.01% of the stock is owned by hedge funds and other institutional investors.

About Manitex International

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.