Manitex International Inc (NASDAQ:MNTX) CEO Steve Filipov purchased 5,000 shares of Manitex International stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $5.76 per share, with a total value of $28,800.00. Following the transaction, the chief executive officer now owns 55,000 shares in the company, valued at approximately $316,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Steve Filipov also recently made the following trade(s):

  • On Tuesday, September 3rd, Steve Filipov purchased 5,000 shares of Manitex International stock. The stock was acquired at an average cost of $5.60 per share, with a total value of $28,000.00.

NASDAQ MNTX traded down $0.03 during mid-day trading on Friday, hitting $5.92. The company’s stock had a trading volume of 31,286 shares, compared to its average volume of 62,714. The company’s 50 day simple moving average is $5.89 and its 200 day simple moving average is $6.71. Manitex International Inc has a twelve month low of $4.80 and a twelve month high of $11.76. The company has a current ratio of 1.83, a quick ratio of 0.90 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $112.63 million, a price-to-earnings ratio of 17.94, a PEG ratio of 1.79 and a beta of 1.59.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Manitex International had a negative net margin of 2.74% and a positive return on equity of 6.11%. The business had revenue of $60.97 million during the quarter. As a group, research analysts forecast that Manitex International Inc will post 0.32 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of MNTX. Marshall Wace LLP bought a new stake in shares of Manitex International during the 2nd quarter worth $68,000. Cutter & CO Brokerage Inc. bought a new stake in Manitex International in the 2nd quarter valued at about $77,000. Bank of America Corp DE raised its stake in Manitex International by 67.9% in the 4th quarter. Bank of America Corp DE now owns 30,145 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 12,187 shares during the period. Deutsche Bank AG raised its stake in Manitex International by 2.9% in the 4th quarter. Deutsche Bank AG now owns 49,049 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 1,383 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Manitex International by 38.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 65,168 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 18,086 shares during the period. 49.62% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on MNTX. Zacks Investment Research raised shares of Manitex International from a “hold” rating to a “strong-buy” rating and set a $8.25 price target for the company in a research report on Thursday, May 16th. Dougherty & Co reissued a “buy” rating on shares of Manitex International in a research report on Wednesday, August 28th. Finally, ValuEngine raised shares of Manitex International from a “sell” rating to a “hold” rating in a research 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.

Featured Story: Bond

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.