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Manitex International Stock Price, News & Analysis (NASDAQ:MNTX)

$7.19
-0.23 (-3.10%)
(As of 05:17 PM ET)
Compare
Today's Range
$7.10
$7.45
50-Day Range
$3.86
$7.55
52-Week Range
$3.48
$7.68
Volume
73,139 shs
Average Volume
37,657 shs
Market Capitalization
$145.61 million
P/E Ratio
51.36
Dividend Yield
N/A
Price Target
$9.00

Manitex International MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.2% Upside
$9.00 Price Target
Short Interest
Healthy
0.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-4.65%
From $0.43 to $0.41 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Industrial Products Sector

125th out of 141 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

11th out of 13 stocks


MNTX stock logo

About Manitex International Stock (NASDAQ:MNTX)

Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms. In addition, the company manufactures and sells rough terrain cranes and material handling products; and truck mounted hydraulic knuckle boom cranes. It also sells its products through dealers and rental distribution channel. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. Manitex International, Inc. was founded in 1993 and is headquartered in Bridgeview, Illinois.

MNTX Stock Price History

MNTX Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Q3 2023 Manitex International Inc Earnings Call
Manitex International Reports Third Quarter 2023 Results
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
8-K: Manitex International, Inc.
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/13/2024

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:MNTX
Employees
601
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$9.00
High Stock Price Target
$10.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+21.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-4,900,000.00
Pretax Margin
1.91%

Debt

Sales & Book Value

Annual Sales
$291.56 million
Cash Flow
$0.78 per share
Book Value
$3.38 per share

Miscellaneous

Free Float
18,984,000
Market Cap
$150.27 million
Optionable
Optionable
Beta
0.94

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Key Executives

  • Mr. David J. Langevin CPA (Age 72)
    Executive Chairman
    Comp: $459.5k
  • Mr. J. Michael Coffey (Age 52)
    CEO & Director
    Comp: $1.37M
  • Mr. Joseph R. Doolan CPA (Age 59)
    CFO, Senior VP & Principal Accounting Officer
    Comp: $678.95k
  • Mr. Stoyan Filipov (Age 55)
    Special Advisor
    Comp: $444.27k
  • Mr. Scott Rolston
    Senior Vice President of Strategic Planning
  • Mr. Richard Mills
    President of Manitex North American Manufacturing
  • Giovanni Tacconi
    VP & Italian MD
  • Mr. Sherman Jung (Age 54)
    Secretary & Senior VP of Financial Reporting
    Comp: $295.38k














MNTX Stock Analysis - Frequently Asked Questions

Should I buy or sell Manitex International stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manitex International in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MNTX shares.
View MNTX analyst ratings
or view top-rated stocks.

What is Manitex International's stock price target for 2024?

2 analysts have issued 12-month price targets for Manitex International's stock. Their MNTX share price targets range from $8.00 to $10.00. On average, they anticipate the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
View analysts price targets for MNTX
or view top-rated stocks among Wall Street analysts.

How have MNTX shares performed in 2023?

Manitex International's stock was trading at $4.00 at the beginning of 2023. Since then, MNTX stock has increased by 79.8% and is now trading at $7.19.
View the best growth stocks for 2023 here
.

Are investors shorting Manitex International?

Manitex International saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 29,300 shares, an increase of 196.0% from the October 31st total of 9,900 shares. Based on an average trading volume of 59,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company's stock are sold short.
View Manitex International's Short Interest
.

When is Manitex International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
View our MNTX earnings forecast
.

How were Manitex International's earnings last quarter?

Manitex International, Inc. (NASDAQ:MNTX) released its quarterly earnings results on Thursday, November, 2nd. The industrial products company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. The industrial products company had revenue of $71.33 million for the quarter, compared to analysts' expectations of $67.48 million. Manitex International had a trailing twelve-month return on equity of 11.50% and a net margin of 0.91%.

What guidance has Manitex International issued on next quarter's earnings?

Manitex International updated its FY 2023 earnings guidance on Thursday, September, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $282.00 million-$287.00 million, compared to the consensus revenue estimate of $281.24 million.

What is David J. Langevin's approval rating as Manitex International's CEO?

3 employees have rated Manitex International Chief Executive Officer David J. Langevin on Glassdoor.com. David J. Langevin has an approval rating of 62% among the company's employees. This puts David J. Langevin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Manitex International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Manitex International investors own include Turquoise Hill Resources (TRQ), Gold Resource (GORO), Trevena (TRVN), Universal Technical Institute (UTI), Advanced Micro Devices (AMD), Amyris (AMRS), Accuray (ARAY), Ardelyx (ARDX) and Anavex Life Sciences (AVXL).

Who are Manitex International's major shareholders?

Manitex International's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include First Wilshire Securities Management Inc. (5.11%), WealthTrust Axiom LLC (4.88%), Pacific Ridge Capital Partners LLC (4.81%), Ameriprise Financial Inc. (4.43%), Essex Investment Management Co. LLC (1.60%) and Kennedy Capital Management LLC (1.56%). Insiders that own company stock include David J Langevin, Joseph Doolan and Michael Coffey.
View institutional ownership trends
.

How do I buy shares of Manitex International?

Shares of MNTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:MNTX) was last updated on 12/8/2023 by MarketBeat.com Staff

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