Last Updated: 16 Sep 2024
Executive Summary
Manitex International Inc. (MNTX) is a provider of designed lifting solutions. The company has a market capitalization of $114.63 million and trades on the NASDAQ exchange. The latest stock price is $5.62. Analysts have a Buy rating on the stock with a target price of $9.
Company Overview
Manitex International, Inc. offers designed lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. The company's products include boom trucks, cranes, aerial work platforms, and other lifting equipment. Manitex International, Inc. was founded in 1992 and is headquartered in Bridgeview, Illinois.
Fundamental Analysis
Manitex International, Inc.'s financial performance has been mixed in recent years. The company's revenue has grown in recent years, but its profitability has declined. In 2023, the company's revenue increased by 3.7% to $299.56 million, but its net income declined by 25.0% to $10.6 million. The company's gross profit margin declined from 17.4% in 2022 to 16.7% in 2023. The company's operating margin also declined from 8.6% in 2022 to 6.7% in 2023.
Manitex International, Inc.'s financial ratios are mixed. The company's price-to-earnings ratio (PE) of 10.6 is below the industry average of 12.5. The company's price-to-book ratio (PB) of 1.575 is above the industry average of 1.3. The company's debt-to-equity ratio of 0.69 is below the industry average of 0.75.
Technical Analysis
Manitex International, Inc.'s stock price has been trending down in recent months. The stock price is currently below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 35.5, which indicates that the stock is oversold.
Short Term Outlook
Manitex International, Inc.'s stock price is likely to continue to trend down in the short term. The stock's technical indicators are bearish, and the company's financial performance has been mixed.
Long Term Outlook
Manitex International, Inc.'s long-term outlook is more positive. The company's revenue is expected to continue to grow in the coming years, and its profitability is expected to improve. The company's products are in demand, and the company has a strong market position.
Analyst Recommendations
Analysts have a Buy rating on Manitex International, Inc. stock with a target price of $9. The analysts believe that the company's stock is undervalued and that it has the potential to outperform the market in the long term.
