Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Manitex International Inc (NASDAQ: MNTX) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Manitex International Inc (NASDAQ: MNTX) stock closed at $5.06 on 7/29/24 after a slight decline of -0.4%. However, this decline was accompanied by unusually low trading volume at 53% of normal. The stock has risen 6.8% 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 D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Manitex International has a slightly positive Appreciation Score of 63 but a very low Power Rating of 14, with the Negative Value Trend Rating the result.
Be the first to comment