Manitex International Inc (NASDAQ:MNTX) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 317,600 shares, an increase of 32.8% from the May 15th total of 239,100 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 53,300 shares, the days-to-cover ratio is currently 6.0 days.
NASDAQ:MNTX traded up $0.28 during mid-day trading on Thursday, hitting $5.51. The stock had a trading volume of 179,685 shares, compared to its average volume of 54,410. The stock has a market capitalization of $104.32 million, a PE ratio of 16.70 and a beta of 1.61. The stock’s 50 day moving average is $6.12. Manitex International has a 52 week low of $4.80 and a 52 week high of $13.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.72 and a quick ratio of 0.95.
Manitex International (NASDAQ:MNTX) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). The firm had revenue of $57.42 million during the quarter, compared to the consensus estimate of $57.20 million. Manitex International had a negative net margin of 4.44% and a positive return on equity of 6.82%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. WealthTrust Axiom LLC increased its position in shares of Manitex International by 0.5% in the first quarter. WealthTrust Axiom LLC now owns 881,946 shares of the industrial products company’s stock worth $6,746,000 after acquiring an additional 4,108 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Manitex International by 20.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 726,532 shares of the industrial products company’s stock valued at $5,558,000 after acquiring an additional 121,293 shares during the last quarter. BlackRock Inc. lifted its stake in Manitex International by 0.5% in the fourth quarter. BlackRock Inc. now owns 723,770 shares of the industrial products company’s stock valued at $4,111,000 after acquiring an additional 3,878 shares during the last quarter. Vanguard Group Inc. lifted its stake in Manitex International by 18.8% in the third quarter. Vanguard Group Inc. now owns 715,261 shares of the industrial products company’s stock valued at $7,532,000 after acquiring an additional 113,430 shares during the last quarter. Finally, First Wilshire Securities Management Inc. lifted its stake in Manitex International by 0.8% in the fourth quarter. First Wilshire Securities Management Inc. now owns 509,931 shares of the industrial products company’s stock valued at $2,896,000 after acquiring an additional 4,050 shares during the last quarter. 52.32% of the stock is currently owned by institutional investors.
MNTX has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Manitex International from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. ValuEngine upgraded shares of Manitex International from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Roth Capital restated a “buy” rating on shares of Manitex International in a research report on Friday, March 15th.
Manitex International Company Profile
Manitex International, Inc provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.
Read More: What is a Lock-Up Period?
Receive News & Ratings for Manitex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International and related companies with MarketBeat.com's FREE daily email newsletter.