Market Runner: It Seems Manitex International Inc Will Go Up. Have Another Big Increase

Market Runner: It Seems Manitex International Inc Will Go Up. Have Another Big Increase

The stock of Manitex International Inc (NASDAQ:MNTX) is a huge mover today! About 216,000 shares traded hands or 322.16% up from the average. Manitex International Inc (NASDAQ:MNTX) has declined 21.48% since April 27, 2016 and is downtrending. It has underperformed by 26.71% the S&P500.
The move comes after 6 months positive chart setup for the $84.71 million company. It was reported on Nov, 30 by Barchart.com. We have $5.69 PT which if reached, will make NASDAQ:MNTX worth $5.08 million more.

Analysts await Manitex International Inc (NASDAQ:MNTX) to report earnings on March, 9. They expect $-0.05 EPS, up 54.55% or $0.06 from last year’s $-0.11 per share. After $0.05 actual EPS reported by Manitex International Inc for the previous quarter, Wall Street now forecasts -200.00% negative EPS growth.

According to Zacks Investment Research, “MANITEX INTERNATIONAL INC is a leading provider of engineered lifting solutions including boom trucks, cranes, rough terrain forklifts, and special mission oriented vehicles. Through their subsidiaries, they manufacture and market a comprehensive line of boom trucks and sign cranes. Their boom trucks and crane products are primarily used in industrial projects, energy exploration and infrastructure development, including roads, bridges, and commercial construction. The Manitex Liftking subsidiary, which includes the Noble forklift product line, manufactures and sells a complete line of rough terrain forklifts and special mission oriented vehicles, as well as other specialized carriers, heavy material handling transporters and steel mill equipment.”

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.05, from 1.17 in 2016Q1. The ratio is positive, as 4 funds sold all Manitex International Inc shares owned while 14 reduced positions. 8 funds bought stakes while 13 increased positions. They now own 9.12 million shares or 2.16% less from 9.33 million shares in 2016Q1.
Polar Asset Management Ptnrs last reported 0.14% of its portfolio in the stock. Deutsche Bancorp Ag holds 0% of its portfolio in Manitex International Inc (NASDAQ:MNTX) for 13,044 shares. Wells Fargo & Mn has 357,293 shares for 0% of their US portfolio. Kennedy Capital Inc accumulated 330,239 shares or 0.05% of the stock. Weber Alan W, a New York-based fund reported 216,531 shares. Citadel Advsrs Ltd Liability accumulated 14,545 shares or 0% of the stock. Ironwood Investment Mngmt Ltd Liability Corp has 97,860 shares for 0.51% of their US portfolio. Northern Trust accumulated 0% or 39,499 shares. Art Advisors Ltd holds 0.01% of its portfolio in Manitex International Inc (NASDAQ:MNTX) for 18,035 shares. Manufacturers Life Insur The accumulated 0% or 522 shares. Bancshares Of Ny Mellon Corporation holds 0% of its portfolio in Manitex International Inc (NASDAQ:MNTX) for 17,788 shares. Royal Retail Bank Of Canada holds 100 shares or 0% of its portfolio. Coe Cap Ltd Co last reported 0% of its portfolio in the stock. Walleye Trading Lc, a Minnesota-based fund reported 700 shares. California Employees Retirement Systems holds 0% or 54,900 shares in its portfolio.

More recent Manitex International Inc (NASDAQ:MNTX) news were published by: Marketwatch.com which released: “Manitex International Inc.” on November 14, 2010. Also Prnewswire.com published the news titled: “Manitex International, Inc. Announces Closing of ASV, Inc. Joint Venture with …” on December 22, 2014. Prnewswire.com‘s news article titled: “Manitex International, Inc. Announces ASV, Inc. Joint Venture with Terex …” with publication date: October 29, 2014 was also an interesting one.

MNTX Company Profile

Manitex International, Inc., incorporated on October 17, 2003, is a well-known provider of engineered specialty lifting and loading products. The Firm operates in three business divisions: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, makes and distributes a diverse group of products that serve various functions and are used in a range of industries. In the ASV segment, the Company makes a line of compact rubber tracked loaders (CTLs) and skid steer loaders (SSLs). In the Equipment Distribution segment, the Company markets products used primarily for infrastructure development and commercial construction applications that include road and bridge construction, general contracting, roofing, scrap handling, and sign construction and maintenance.

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