Manitex International, Inc. (NASDAQ:MNTX – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 122,400 shares, a decline of 27.0% from the March 31st total of 167,600 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 56,400 shares, the days-to-cover ratio is currently 2.2 days.
Manitex International Price Performance
Shares of MNTX traded down $0.10 during trading hours on Friday, hitting $5.45. The stock had a trading volume of 42,811 shares, compared to its average volume of 39,926. The stock has a market capitalization of $110.47 million, a price-to-earnings ratio of 15.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.57 and a quick ratio of 0.68. The company’s fifty day moving average is $6.39 and its two-hundred day moving average is $6.67. Manitex International has a 52 week low of $3.72 and a 52 week high of $9.16.
Manitex International (NASDAQ:MNTX – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.19. Manitex International had a net margin of 2.52% and a return on equity of 16.98%. The firm had revenue of $78.65 million for the quarter, compared to analysts’ expectations of $74.83 million. On average, analysts anticipate that Manitex International will post 0.39 EPS for the current year.
Institutional Investors Weigh In On Manitex International
Analysts Set New Price Targets
Separately, StockNews.com raised Manitex International from a “hold” rating to a “buy” rating in a report on Saturday, March 9th.
View Our Latest Analysis on MNTX
About Manitex International
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.
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