On 5/2/24, Manitex International Inc (NASDAQ: MNTX) stock enjoyed a major increase of 12.1%, closing at $5.83. Moreover, this advance was accompanied by above average trading volume at 120% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MNTX is expected to continue to be an important Value Builder.
Manitex International has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Manitex International has a neutral Appreciation Score of 57 but a very high Power Rating of 92, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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