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NASDAQ:MNTX

Manitex International (MNTX) Stock Price, News & Analysis

Manitex International logo
$5.69
0.00 (0.00%)
(As of 10/31/2024 ET)

About Manitex International Stock (NASDAQ:MNTX)

Key Stats

Today's Range
$5.69
$5.70
50-Day Range
$3.72
$5.71
52-Week Range
$3.07
$9.16
Volume
127,797 shs
Average Volume
139,605 shs
Market Capitalization
$116.06 million
P/E Ratio
10.94
Dividend Yield
N/A
Price Target
$5.80
Consensus Rating
Hold

Company Overview

Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, 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; and rents light and heavy-duty commercial construction equipments. 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.

Manitex International Stock Analysis - MarketRank™

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17th Percentile Overall Score

MNTX MarketRank™: 

Manitex International scored higher than 17% of companies evaluated by MarketBeat, and ranked 168th out of 176 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Manitex International has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Manitex International has only been the subject of 2 research reports in the past 90 days.

  • Read more about Manitex International's stock forecast and price target.
  • Earnings Growth

    Earnings for Manitex International are expected to decrease by -3.03% in the coming year, from $0.33 to $0.32 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Manitex International is 10.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Manitex International is 10.96, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.68.

  • Price to Book Value per Share Ratio

    Manitex International has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Manitex International's valuation and earnings.
  • Percentage of Shares Shorted

    0.65% of the float of Manitex International has been sold short.
  • Short Interest Ratio / Days to Cover

    Manitex International has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Manitex International has recently increased by 21.55%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Manitex International does not currently pay a dividend.

  • Dividend Growth

    Manitex International does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.65% of the float of Manitex International has been sold short.
  • Short Interest Ratio / Days to Cover

    Manitex International has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Manitex International has recently increased by 21.55%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Manitex International has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Manitex International this week, compared to 1 article on an average week.
  • MarketBeat Follows

    1 people have added Manitex International to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Manitex International insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 6.84% of the stock of Manitex International is held by insiders.

  • Percentage Held by Institutions

    46.01% of the stock of Manitex International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Manitex International's insider trading history.
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MNTX Stock News Headlines

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MNTX Stock Analysis - Frequently Asked Questions

Manitex International's stock was trading at $8.74 at the start of the year. Since then, MNTX shares have decreased by 34.8% and is now trading at $5.70.
View the best growth stocks for 2024 here
.

Manitex International, Inc. (NASDAQ:MNTX) issued its earnings results on Wednesday, August, 7th. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The industrial products company earned $76.24 million during the quarter, compared to the consensus estimate of $75.23 million. Manitex International had a trailing twelve-month return on equity of 18.79% and a net margin of 3.56%.

Manitex International's top institutional investors include Cutter & CO Brokerage Inc. (0.24%). Insiders that own company stock include David J Langevin, Michael Coffey and Joseph Doolan.
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Manitex International investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Novo Nordisk A/S (NVO), Jabil (JBL), AppLovin (APP) and e.l.f. Beauty (ELF).

Company Calendar

Last Earnings
8/07/2024
Today
10/31/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
Machinery
Current Symbol
NASDAQ:MNTX
Employees
510
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$5.80
High Stock Price Target
$5.80
Low Stock Price Target
$5.80
Potential Upside/Downside
+1.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$7.36 million
Pretax Margin
3.44%

Debt

Sales & Book Value

Annual Sales
$291.39 million
Cash Flow
$1.18 per share
Book Value
$3.93 per share

Miscellaneous

Free Float
19,002,000
Market Cap
$116.08 million
Optionable
Optionable
Beta
0.76

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This page (NASDAQ:MNTX) was last updated on 10/31/2024 by MarketBeat.com Staff
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