Manitex International Inc (NASDAQ: MNTX) stock enjoyed a major increase of 11.3% on 4/17/24. The shares closed at $6.22. Moreover, trading volume in this advance was unusually high at 174% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Manitex International has a neutral Appreciation Score of 53 but a very high Power Rating of 94, 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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