Manitex International Inc (NASDAQ: MNTX) stock closed at $3.21 on 8/12/24 after a major decline of -15.7%. Moreover, exceptionally high trading volume at 513% of normal accompanied the decline. The stock has declined -31.4% during the last week and has been extremely weak relative to the market over the last nine months.
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 rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Manitex International has a good Appreciation Score of 75 but a slightly negative Power Rating of 34, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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