Alert: Major Price Advance (11/6/23)-Manitex International Inc (NASDAQ: MNTX).


Manitex International Inc (NASDAQ: MNTX) stock closed at $5.20 on 11/6/23 after a major increase of 14.2%. The stock has risen 34.6% during the last week but has been weak relative to the market over the last nine months.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, MNTX is expected to be a Value Builder.

Manitex International has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Manitex International has a neutral Appreciation Score of 43 and a neutral Power Rating of 52, with the Low Neutral Value Trend Rating the result.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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