Manitex International Insider Lubomir Litchev Sells 10,000 Shares (MNTX)
Manitex International (NASDAQ:MNTX) Insider Lubomir Litchev sold 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $11.03, for a total value of $110,300.00. Following the sale, the insider now directly owns 72,111 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Sidoti reiterated a “buy” rating on shares of Manitex International (NASDAQ:MNTX) in a research note to investors on Wednesday, June 19th.
Manitex International (NASDAQ:MNTX) traded up 0.80% on Friday, hitting $11.28. 61,738 shares of the company’s stock traded hands. Manitex International has a 52-week low of $6.60 and a 52-week high of $13.14. The stock has a 50-day moving average of $10.71 and a 200-day moving average of $10.71. The company has a market cap of $138.7 million and a price-to-earnings ratio of 15.08.
Manitex International (NASDAQ:MNTX) last announced its earnings results on Wednesday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $62.60 million for the quarter, compared to the consensus estimate of $62.46 million. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. Analysts expect that Manitex International will post $0.84 EPS for the current fiscal year.
Manitex International, Inc is a provider of engineered lifting solutions. The Company operates in two business segments: the Lifting Equipment segment and the Equipment Distribution segment.
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