Stock Rating Upgrade
In the last week the Value Trend Rating for Manitex International Inc (NASDAQ: MNTX) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 8/9/24, Manitex International Inc (NASDAQ: MNTX) stock suffered a large decline of -5.2%, closing at $3.81. NORMAL trading volume accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -24.7% 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 C (Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Manitex International has a good Appreciation Score of 75 but a slightly negative Power Rating of 34, and the Neutral Value Trend Rating results.
Be the first to comment