MNTX Stock Summary and Trading Ideas (Manitex International | NASDAQ:MNTX)

Manitex International Inc through its subsidiaries is engaged in the design, manufacture, and distribution of engineered lifting solutions. Its products include boom trucks, truck cranes, and sign cranes. The company's segments include Lifting Equipment and Rental Equipment. It generates maximum revenue from the Lifting Equipment segment. Geographically, it derives majority of its revenue from the United States.

Manitex International trades on the NASDAQ stock market under the symbol MNTX.

As of April 23, 2024, MNTX stock price declined to $5.54 with 16,507 million shares trading.

MNTX has a beta of 1.76, meaning it tends to be more sensitive to market movements. MNTX has a correlation of 0.18 to the broad based SPY ETF.

MNTX has a market cap of $112.20 million. This is considered a Micro Cap stock.

Last quarter Manitex International reported $79 million in Revenue and $.31 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.17.

In the last 3 years, MNTX stock traded as high as $9.16 and as low as $3.48.

The top ETF exchange traded funds that MNTX belongs to (by Net Assets): VTI, VXF, DFAC, IWC, DFAS.

MNTX has underperformed the market in the last year with a price return of +5.9% while the SPY ETF gained +24.4%. MNTX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -30.6% and -10.4%, respectively, while the SPY returned +5.0% and -2.5%, respectively.

MNTX support price is $5.30 and resistance is $5.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MNTX stock will trade within this expected range on the day.