Manitex International, Inc. (MNTX) Trades at $10.60 Forming Bullish Multiple Top

May 3, 2018 - By Anthony Rauscher

Big Money Sentiment increased to 1.47 in 2017 Q4. It has change of 0.24, from 2017Q3’s 1.23. The ratio increased due to Manitex International, Inc. positioning: 10 sold and 9 reduced. 10 funds acquired holdings and 18 increased holdings. Investors holded 10.68 million in 2017Q3 but now own 9.90 million shares or 7.34% less.
Moreover, Morgan Stanley has 0% invested in Manitex International, Inc. (NASDAQ:MNTX). Cove Street Capital Ltd Liability has invested 0.16% in Manitex International, Inc. (NASDAQ:MNTX). Pacific Ridge Capital Prtnrs Ltd Liability stated it has 1.54% of its capital in Manitex International, Inc. (NASDAQ:MNTX). Shaker Invs Ltd Llc Oh has invested 0.79% in Manitex International, Inc. (NASDAQ:MNTX). Shufro Rose And Com Llc holds 0.37% or 391,800 shs in its capital. Janney Montgomery Scott Limited Liability accumulated 15,000 shs or 0% of the stock. Kennedy Cap holds 462,084 shs. The North Carolina-based Wedge Cap Management L L P Nc has invested 0.01% in Manitex International, Inc. (NASDAQ:MNTX). Massachusetts-based Boston has invested 0.01% in Manitex International, Inc. (NASDAQ:MNTX). 863,164 were reported by Wealthtrust Axiom Ltd Liability Corporation. Moreover, Vanguard Grp Inc has 0% invested in Manitex International, Inc. (NASDAQ:MNTX) for 505,382 shs. Perritt Capital Mgmt stated it has 0.58% of its capital in Manitex International, Inc. (NASDAQ:MNTX). Awm Investment Inc accumulated 0.91% or 487,682 shs. Macquarie Gp Limited reported 3,947 shs. Dimensional Fund Lp has invested 0% in Manitex International, Inc. (NASDAQ:MNTX).

Manitex International, Inc. (MNTX) chart indicates a multiple top chart pattern with $11.34 target. That’s 7.00 % above today’s $10.60 share price. This chart pattern was featured on May, 3 by Finviz.com. The company’s valuation will be $12.37M more at $11.34 target.

MNTX hit $10.6 during the last trading session after $0.05 change.Manitex International, Inc. has volume of 21,942 shares. Since May 3, 2017 MNTX has risen 72.38% and is uptrending. The stock outperformed the S&P 500 by 60.83%.

Manitex International, Inc. (NASDAQ:MNTX) Ratings Coverage

In total 2 analysts cover Manitex International (NASDAQ:MNTX). “Buy” rating has 2, “Sell” are 0, while 0 are “Hold”. 100% are bullish. With $1300 highest and $12.0 lowest PT Manitex International has $13 average PT or 22.64% above the current ($10.6) price. 4 are the (NASDAQ:MNTX)’s analyst reports since November 7, 2017 according to StockzIntelligence Inc. On Wednesday, April 18 the rating was maintained by Seaport Global with “Buy”. The stock rating was maintained by Seaport Global with “Buy” on Wednesday, February 7. On Tuesday, November 7 the stock of Manitex International, Inc. (NASDAQ:MNTX) earned “Hold” rating by Roth Capital. On Thursday, February 8 the stock of Manitex International, Inc. (NASDAQ:MNTX) earned “Buy” rating by Roth Capital.

Manitex International, Inc. (NASDAQ:MNTX) Institutional Investors Chart

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