Manitex International Inc (NASDAQ: MNTX) has reported earnings for its third fiscal quarter (ending September 30) of $0.08 versus a loss $-0.17 for the same period a year ago. This result exceeded the consensus estimate of $0.06 by $0.02. For the latest four quarters through September 30, E.P.S. were $0.13 versus $-0.67 for the same period a year ago.
Recent Price Action
Manitex International Inc (NASDAQ: MNTX) stock closed at $4.36 on 11/2/23 after a very large increase of 6.6%. The stock has risen 7.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
MNTX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a Value Builder.
Manitex International has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Manitex International has a neutral Appreciation Score of 48 and a neutral Power Rating of 53, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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