Analysts take a look at Manitex International, Inc. (NASDAQ:MNTX) having this to say.

February 15, 2018 - By Marry Poplack

 Analysts take a look at Manitex International, Inc. (NASDAQ:MNTX) having this to say.
Investors sentiment increased to 1.23 in Q3 2017. Its up 0.27, from 0.96 in 2017Q2. It is positive, as 6 investors sold Manitex International, Inc. shares while 16 reduced holdings. 18 funds opened positions while 9 raised stakes. 10.68 million shares or 6.37% more from 10.04 million shares in 2017Q2 were reported.
Adirondack Research Mgmt accumulated 200,737 shares. Janney Montgomery Scott Limited Liability Co has 15,000 shares. Rutabaga Mgmt Limited Co Ma reported 1.01 million shares stake. Perritt Mngmt, Illinois-based fund reported 217,830 shares. Manatuck Hill Partners Ltd Liability Corporation owns 322,700 shares for 1.42% of their portfolio. New York-based Blackrock Inc has invested 0% in Manitex International, Inc. (NASDAQ:MNTX). Cortina Asset Mgmt Ltd Liability Co reported 764,091 shares. Oberweis Asset owns 142,000 shares or 0.35% of their US portfolio. Nationwide Fund Advsrs holds 0% of its portfolio in Manitex International, Inc. (NASDAQ:MNTX) for 3,920 shares. Wedge Mgmt L L P Nc owns 78,200 shares or 0.01% of their US portfolio. Shufro Rose Limited Liability Com invested in 279,200 shares or 0.25% of the stock. Tower Research Cap Ltd Company (Trc) holds 2,552 shares. Beddow Mgmt has invested 1.88% of its portfolio in Manitex International, Inc. (NASDAQ:MNTX). Pacific Ridge Ptnrs Ltd Co owns 541,934 shares for 1.38% of their portfolio. Auxier Asset Mngmt reported 0.37% stake.

Manitex International, Inc. (NASDAQ:MNTX) Ratings Coverage

Among 2 analysts covering Manitex International (NASDAQ:MNTX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Manitex International had 8 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Manitex International, Inc. (NASDAQ:MNTX) earned “Buy” rating by Roth Capital on Friday, August 4. Roth Capital downgraded Manitex International, Inc. (NASDAQ:MNTX) on Tuesday, November 7 to “Hold” rating. On Wednesday, June 7 the stock rating was maintained by Roth Capital with “Buy”. As per Wednesday, February 7, the company rating was maintained by Seaport Global. The rating was upgraded by Roth Capital on Thursday, February 8 to “Buy”. The firm earned “Buy” rating on Friday, March 11 by Roth Capital. The firm has “Buy” rating by Roth Capital given on Monday, August 10. Below is a list of Manitex International, Inc. (NASDAQ:MNTX) latest ratings and price target changes.

07/02/2018 Broker: Seaport Global Rating: Buy New Target: $12.0 Maintain
08/02/2018 Broker: Roth Capital Old Rating: Hold New Rating: Buy Upgrade
07/11/2017 Broker: Roth Capital Rating: Hold Downgrade

The stock increased 0.27% or $0.03 during the last trading session, reaching $11.25. About 96,889 shares traded or 76.50% up from the average. Manitex International, Inc. (NASDAQ:MNTX) has risen 8.39% since February 15, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

Manitex International, Inc. provides engineered lifting and loading products worldwide. The company has market cap of $186.26 million. The firm operates through three divisions: Lifting Equipment, ASV, and Equipment Distribution divisions. It currently has negative earnings. The Lifting Equipment segment designs, makes, and distributes boom trucks and crane products that are used for industrial projects and energy exploration, as well as for roads, bridges, and residential and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries, as well as truck-mounted aerial platforms and sign cranes.

More notable recent Manitex International, Inc. (NASDAQ:MNTX) news were published by: Globenewswire.com which released: “Manitex International, Inc. Welcomes Fallsway Equipment Company to PM Knuckle …” on November 17, 2017, also Globenewswire.com with their article: “Manitex International, Inc. Appoints Steve Kiefer as President and Chief …” published on December 13, 2017, Globenewswire.com published: “Manitex International, Inc. Announces $6.3 Million Order for 42 Straight Mast …” on January 18, 2018. More interesting news about Manitex International, Inc. (NASDAQ:MNTX) were released by: Globenewswire.com and their article: “Manitex International, Inc. Will Report Third Quarter 2017 Financial Results …” published on February 02, 2018 as well as Globenewswire.com‘s news article titled: “Manitex International, Inc. Announces $12 Million New Crane Order Taken at …” with publication date: October 04, 2017.

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