Shares of Manitex International Inc (NASDAQ:MNTX) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Manitex International’s rating score has declined by 100% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a 12 month consensus target price of $10.50 for the company and are expecting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Manitex International an industry rank of 65 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on the company. ValuEngine upgraded Manitex International from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Zacks Investment Research cut Manitex International from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Roth Capital cut Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Tuesday, November 7th.

Hedge funds have recently bought and sold shares of the stock. Wedbush Securities Inc. lifted its stake in Manitex International by 35.0% during the second quarter. Wedbush Securities Inc. now owns 14,658 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 3,800 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Manitex International in the second quarter valued at approximately $105,000. Trexquant Investment LP purchased a new stake in Manitex International in the second quarter valued at approximately $106,000. KCG Holdings Inc. purchased a new stake in Manitex International in the first quarter valued at approximately $114,000. Finally, OxFORD Asset Management LLP purchased a new stake in Manitex International in the third quarter valued at approximately $189,000. Hedge funds and other institutional investors own 59.92% of the company’s stock.

Shares of Manitex International (MNTX) opened at $8.32 on Monday. The firm has a market capitalization of $137.75, a P/E ratio of 52.00 and a beta of 2.07. Manitex International has a 52 week low of $5.12 and a 52 week high of $9.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 1.38.

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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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