Manitex International Stock Rating Upgraded by Zacks (MNTX)
Manitex International (NASDAQ:MNTX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. The firm currently has a $12.30 price objective on the stock. Zacks‘ price target would indicate a potential upside of 10.61% from the company’s current price.
Manitex International (NASDAQ:MNTX) traded down 2.55% on Tuesday, hitting $10.8366. The stock had a trading volume of 35,600 shares. Manitex International has a 1-year low of $6.60 and a 1-year high of $13.14. The stock has a 50-day moving average of $10.7 and a 200-day moving average of $10.83. The company has a market cap of $133.2 million and a price-to-earnings ratio of 14.99.
Manitex International (NASDAQ:MNTX) last released its earnings data on Wednesday, August 7th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ 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.
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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