The Manitowoc Company, Inc. (MTW) Marks A 2.8% Move Today, Would Now Be A Good Time To Sell?

The Manitowoc Company, Inc. (NYSE:MTW) is among the top stocks that may remain in focus today as the company shares are trading 2.8% or 0.39 points lower from last closing price of $13.92, reaching $13.53 at last check. Any clue why there is so much of action in the MTW stock? The share price is losing for the fifth day in a row and has dropped in 1 of the last 5 days and is down -8.06% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -367,229 shares, and in total 109471 shares valued at $1.481 million were seen changing hands compared with 476700 shares valued at $6.636 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the MTW stock is near its bottom.

The Manitowoc Company, Inc. (MTW) shares have notched a 3-month decline of about -8.06%, but has still tumbled -5.75% year to date. By comparison, the stock sank -37.97% over the past 12 months, while it slipped -11.79% over the 1 month. The company’s market cap is around $495.5M, with its short interest ratio standing at 6.42%.

In the current trading session for MTW, the stock witnessed two major price actions, it rose to a high of $13.9 and was down as much as $13.37 at one point. The high recorded is very low when compared to their 52-week high which is $11.47. The 52-week high is now at -49.81 distance from current price. Their recent low of $26.88 represents a 17.61% 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 MTW is $18.78, 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 The Manitowoc Company, Inc. earned $-1.34 per share in the trailing 12 months and has a P/E ratio of -10.1. 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 15.76 and lower compared to the sector’s average of 28.03. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. MTW also has P/S multiple of 0.25. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.23x.

The company recorded an interesting insider sale transaction by the CFO on Jun 03, 2019. A Securities and Exchanges Commission filings show that David J Antoniuk sold a total of 6,014 MTW shares that day for a sum of around $83,955. The filings show that the insider now retains 37,544 shares, currently worth $507,970. The Manitowoc Company, Inc. (MTW) 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 231,897 shares that were traded over a year. In the past 12 months, insiders have purchased 210,304 shares while the seller parted with 21,593 shares.

MTW‘s last price was down -17.37% as compared to the average trading price of 50 days recorded at $16.37 while enlarging the period to 200 trading days, the average closing price was $15.58. At present, there are 35.6 million in the total number of common shares owned by the public and among those 34.96 million shares have been available to trade. The percentage of shares being held by the company management was 0.5% while institutions stake was 81.9%. The company has generated negative returns on equity over the last 12 months (-7.7%). It managed to keep its gross profit margin at 18.3% over the past 12 months.

When assessing the full upside of the MTW stock, there is another set of technicals that should be looked into and considered. Its 1.98% gain from moving average of $13.27 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 2.27 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.

Most of the analysts surveyed by Thomson/First Call think quite highly of The Manitowoc Company, Inc. — 0 analysts rate the stock as a buy with another 0 rating it strong buy. There are 4 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $18.3333 on shares of The Manitowoc Company, Inc. (NYSE:MTW), which corresponds to 36.00% upside potential than its current market price of $13.53 and implies potential despite the recent drop in the price. However, their current target price has fallen from $19.5 a month ago and is down handily from the consensus target of $30.2857 a quarter ago.

In the last five years, the EPS of the company has been roughly -19%. 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 45.9%. The revenue of the company has retreated at an average annualized rate of about -14.5 over the last five years. The company recently recorded an increase of 1.9%, but this figure is rather unattractive.

Let’s briefly check the hedge fund interest towards MTW stock. Hancock Whitney Corp trimmed position in the company after it dumped -17.9% or 20,675 shares of its common stock. The hedge fund now owns 16,974 shares worth $229,658, SEC documents show. Royal Bank of Canada shored up assets in the stock as 12508.92 shares have been purchased, increasing its stake by 34.6% to 16,837 shares which are currently valued at $227,805. In addition, Ladenburg Thalmann Financial Services Inc. recently reported that it now owns 9,905 shares making a total of $134,015 based on the recent price. This refelects a change of 104.3% in their ownership.