Manitex International (NASDAQ:MNTX) Releases Quarterly Earnings Results

Manitex International (NASDAQ:MNTX) posted its quarterly earnings results on Thursday. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06, Fidelity Earnings reports. The company had revenue of $60.97 million for the quarter. Manitex International had a positive return on equity of 6.11% and a negative net margin of 2.74%.

NASDAQ:MNTX traded down $0.56 during trading hours on Friday, hitting $5.47. 213,615 shares of the stock traded hands, compared to its average volume of 54,357. The business’s 50 day simple moving average is $6.08. The company has a current ratio of 1.72, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58. Manitex International has a fifty-two week low of $4.80 and a fifty-two week high of $12.05. The firm has a market capitalization of $118.69 million, a price-to-earnings ratio of 16.58 and a beta of 1.53.

Several research analysts have issued reports on the company. Zacks Investment Research raised Manitex International from a “hold” rating to a “strong-buy” rating and set a $8.25 price target on the stock in a report on Thursday, May 16th. ValuEngine raised Manitex International from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd.

About Manitex International

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.

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Earnings History for Manitex International (NASDAQ:MNTX)

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