News stories about Manitex International (NASDAQ:MNTX) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Manitex International earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.7577119335901 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts have weighed in on MNTX shares. Zacks Investment Research raised Manitex International from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Tuesday, October 17th. Roth Capital downgraded Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research report on Tuesday, November 7th.
Manitex International (NASDAQ MNTX) traded up $0.01 during trading hours on Friday, reaching $9.64. The company had a trading volume of 28,796 shares, compared to its average volume of 52,929. The company has a market cap of $159.78, a P/E ratio of 60.31 and a beta of 2.02. Manitex International has a one year low of $6.21 and a one year high of $10.20. The company has a quick ratio of 0.64, a current ratio of 1.38 and a debt-to-equity ratio of 0.86.
Manitex International Company Profile
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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