Manitex International, Inc. (NASDAQ:MNTX) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $10.50 for the company and are forecasting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Manitex International an industry rank of 66 out of 265 based on the ratings given to its competitors.

MNTX has been the topic of several research reports. Roth Capital set a $10.00 price target on Manitex International and gave the company a “buy” rating in a research report on Thursday, June 8th. ValuEngine lowered Manitex International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

Large investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its stake in Manitex International by 35.0% in the second quarter. Wedbush Securities Inc. now owns 14,658 shares of the industrial products company’s stock valued at $102,000 after buying an additional 3,800 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Manitex International during the second quarter valued at $105,000. Trexquant Investment LP purchased a new stake in Manitex International during the second quarter valued at $106,000. KCG Holdings Inc. purchased a new stake in Manitex International during the first quarter valued at $114,000. Finally, Segantii Capital Management Ltd purchased a new stake in Manitex International during the first quarter valued at $126,000. Institutional investors own 65.23% of the company’s stock.

Shares of Manitex International (NASDAQ:MNTX) traded up 9.62% during trading on Friday, hitting $8.09. The stock had a trading volume of 304,472 shares. Manitex International has a 52 week low of $4.98 and a 52 week high of $9.89. The firm has a 50 day moving average price of $7.03 and a 200-day moving average price of $7.41. The stock’s market capitalization is $133.91 million.

Manitex International (NASDAQ:MNTX) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.08. Manitex International had a positive return on equity of 1.75% and a negative net margin of 13.20%. The company had revenue of $51.60 million for the quarter, compared to analyst estimates of $44.35 million. During the same period in the previous year, the company posted $0.02 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that Manitex International will post $0.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at

About Manitex International

Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.

Get a free copy of the Zacks research report on Manitex International (MNTX)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Manitex International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International Inc. and related companies with's FREE daily email newsletter.