Manitex International, Inc. (NASDAQ:MNTX) is among the top stocks that may remain in focus today as the company shares are trading 8.29% or 0.43 points higher from last closing price of $5.19, reaching $5.62 at last check. Any clue why there is so much of action in the MNTX stock? The share price has risen in 2 of the last 5 days and is down -31.62% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 92,972 shares, and in total 191872 shares valued at $1.078 million were seen changing hands compared with 98900 shares valued at $513291 recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the MNTX stock.
Manitex International, Inc. (MNTX) shares have notched a 3-month decline of about -31.62%, but has still tumbled -8.63% year to date. By comparison, the stock sank -56.46% over the past 12 months, while it slipped -27.82% over the 1 month. The company’s market cap is around $102.19M, with its short interest ratio standing at 3.82%.
In the current trading session for MNTX, the stock witnessed two major price actions, it rose to a high of $6.07 and was down as much as $5.05 at one point. The high recorded is very low when compared to their 52-week high which is $4.8. The 52-week high is now at -55.84 distance from current price. Their recent low of $13.26 represents a 21.98% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for MNTX is $11, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Manitex International, Inc. earned $-0.56 per share in the trailing 12 months and has a P/E ratio of -10.04. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 21.07 and lower compared to the sector’s average of 23. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. MNTX also has P/S multiple of 0.46. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 3.25x.
The company recorded an interesting insider sale transaction by the Director on Aug 16, 2018. A Securities and Exchanges Commission filings show that Robert S Gigliotti sold a total of 4,400 MNTX shares that day for a sum of around $51,524. The filings show that the insider now retains 83,750 shares, currently worth $470,675. Manitex International, Inc. (MNTX) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 101,600 shares that were traded over a year. In the past 12 months, insiders have purchased 97,000 shares while the seller parted with 4,600 shares.
MNTX‘s last price was down -25.04% as compared to the average trading price of 50 days recorded at $7.5 while enlarging the period to 200 trading days, the average closing price was $6.79. At present, there are 19.69 million in the total number of common shares owned by the public and among those 14.31 million shares have been available to trade. The percentage of shares being held by the company management was 21.5% while institutions stake was 56.1%. The company has generated negative returns on equity over the last 12 months (-11.5%). It managed to keep its gross profit margin at 18.5% over the past 12 months.
When assessing the full upside of the MNTX stock, there is another set of technicals that should be looked into and considered. Its -2.19% decline from moving average of $5.75 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.58 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -22.9%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 30%. The revenue of the company has risen at an average annualized rate of about 1 over the last five years. The company recently recorded an increase of 1.2%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards MNTX stock. Adirondack Research & Management Inc. trimmed position in the company after it dumped -2.2% or 177,543 shares of its common stock. The hedge fund now owns 173,637 shares worth $975,840, SEC documents show. First Wilshire Securities Management Inc. cut assets in the stock as 509950.6 shares have been sold, reducing its stake by -0.9% to 505,361 shares which are currently valued at $2,840,129. In addition, Morgan Stanley recently reported that it now owns 389,161 shares making a total of $2,187,085 based on the recent price. This refelects a change of -5.5% in their ownership.