MTW Stock Summary and Trading Ideas (Manitowoc Company | NYSE:MTW)

Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment generates the majority of the revenue for the company.

Manitowoc Company trades on the NYSE stock market under the symbol MTW.

As of April 22, 2024, MTW stock price declined to $12.78 with 145,047 million shares trading.

MTW has a beta of 2.04, meaning it tends to be more sensitive to market movements. MTW has a correlation of 0.37 to the broad based SPY ETF.

MTW has a market cap of $453.48 million. This is considered a Small Cap stock.

Last quarter Manitowoc Company reported $596 million in Revenue and $.09 earnings per share. This beat revenue expectation by $12 million and missed earnings estimates by -$.14.

In the last 3 years, MTW stock traded as high as $28.33 and as low as $7.53.

The top ETF exchange traded funds that MTW belongs to (by Net Assets): VTI, IWM, VXF, FNDA, IWN.

MTW has underperformed the market in the last year with a price return of -18.0% while the SPY ETF gained +22.9%. MTW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.8% and -5.4%, respectively, while the SPY returned +3.7% and -3.7%, respectively.

MTW support price is $12.59 and resistance is $13.17 (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 MTW stock will trade within this expected range on the day.