Stock Rating Downgrade
The Value Trend Rating for Manitex International Inc (NASDAQ: MNTX) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Manitex International Inc (NASDAQ: MNTX) stock declined slightly by -0.2% on 9/13/24. The stock closed at $5.62. Moreover, trading volume in this decline was exceptionally high at 983% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 48.3% 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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Manitex International has a neutral Appreciation Score of 52 but a very low Power Rating of 13, with the Negative Value Trend Rating the result.
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