Manitex International Inc (NASDAQ: MNTX) has reported earnings for its second fiscal quarter (ending June 30) of $0.07 versus $0.02 for the same period a year ago — an increase of 250%. Relative to the consensus estimate of $0.14, this was a shortfall of $-0.07. For the latest four quarters through June 30, E.P.S. were $0.53 versus $-0.13 for the same period a year ago.
Recent Price Action
On 8/7/24, Manitex International Inc (NASDAQ: MNTX) stock suffered a large decline of -8.3%, closing at $4.32. However, this decline was accompanied by unusually low trading volume at 58% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -12.0% during the last week.
Current PriceTarget Research Rating
MNTX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Manitex International has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Manitex International has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 35, producing the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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