Manitex International Hits New 52-Week High at $13.89 (MNTX)
Shares of Manitex International (NASDAQ:MNTX) hit a new 52-week high during trading hours on Friday, American Banking and Market News reports. The company traded as high as $13.89 and last traded at $13.70, with a volume of 438,979 shares trading hands. The stock had previously closed at $12.44.
Separately, analysts at Zacks upgraded shares of Manitex International from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 8th. They now have a $12.30 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $13.10.
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 $10.98 and a 200-day moving average of $10.79. The company has a market cap of $163.6 million and a P/E ratio of 16.77.
Manitex International (NASDAQ:MNTX) last announced its earnings results on Wednesday, August 7th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 19.2% on a year-over-year basis. Analysts expect that Manitex International will post $0.83 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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