Somewhat Positive Press Coverage Somewhat Unlikely to Affect Manitex International (NASDAQ:MNTX) Share Price

News headlines about Manitex International (NASDAQ:MNTX) have trended somewhat positive on Sunday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Manitex International earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 44.8869050292338 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Manitex International (NASDAQ:MNTX) traded down $0.12 during trading hours on Friday, hitting $8.25. The stock had a trading volume of 8,763 shares, compared to its average volume of 21,169. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.64. The stock has a market cap of $136.60, a P/E ratio of 51.56 and a beta of 2.03. Manitex International has a twelve month low of $5.30 and a twelve month high of $9.89.

Several research firms recently weighed in on MNTX. Roth Capital lowered Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Tuesday, November 7th. Zacks Investment Research cut Manitex International from a “buy” rating to a “hold” rating in a research report on Friday, October 27th.

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About Manitex International

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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