Manitex International, Inc. (NASDAQ:MNTX) was downgraded by equities research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a report released on Tuesday.

A number of other equities analysts also recently weighed in on the stock. ValuEngine raised shares of Manitex International from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Zacks Investment Research downgraded shares of Manitex International from a “buy” rating to a “hold” rating in a report on Friday, October 27th.

Manitex International (NASDAQ:MNTX) remained flat at $$9.05 during trading on Tuesday. 5,600 shares of the stock were exchanged, compared to its average volume of 45,306. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 1.38. The firm has a market cap of $149.84, a PE ratio of 55.44 and a beta of 2.07. Manitex International has a 12-month low of $4.98 and a 12-month high of $9.89.

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Several large investors have recently modified their holdings of MNTX. Pacific Ridge Capital Partners LLC raised its stake in Manitex International by 6.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 263,482 shares of the industrial products company’s stock valued at $1,568,000 after acquiring an additional 15,122 shares during the period. WealthTrust Axiom LLC increased its position in shares of Manitex International by 5.2% during the fourth quarter. WealthTrust Axiom LLC now owns 466,550 shares of the industrial products company’s stock valued at $2,775,000 after buying an additional 22,948 shares during the period. Wells Fargo & Company MN increased its position in shares of Manitex International by 5.3% during the fourth quarter. Wells Fargo & Company MN now owns 361,263 shares of the industrial products company’s stock valued at $2,150,000 after buying an additional 18,225 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Manitex International by 44.1% during the second quarter. Essex Investment Management Co. LLC now owns 89,661 shares of the industrial products company’s stock valued at $621,000 after buying an additional 27,434 shares during the period. Finally, Rutabaga Capital Management LLC MA increased its position in shares of Manitex International by 218.8% during the second quarter. Rutabaga Capital Management LLC MA now owns 887,009 shares of the industrial products company’s stock valued at $6,147,000 after buying an additional 608,796 shares during the period. 61.01% of the stock is currently owned by institutional investors.

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.

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