Manitex International Inc (NASDAQ: MNTX) stock closed at $5.63 on 9/12/24 after a major increase of 47.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 3255% of normal. The stock has risen 47.4% during the last week but 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). 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 72 but a slightly negative Power Rating of 32, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive 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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