Manitex International, Inc. (NASDAQ: MNTX) stock identified change of 23.96% away from 52-week low price and recently located move of -54.96% off 52-week high price. It has market worth of $105.67M . MNTX stock has been recorded -5.75% away from 50 day moving average and -19.46% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.34% off 20-day moving average.
Manitex International, Inc. (NASDAQ: MNTX), a leading international provider of cranes and specialized industrial equipment, reported that it introducd the newest model in the next generation TC-series lineup. The new TC600 features a base rating of 60 tons and a maximum main boom height of 141 feet and a 194-foot maximum height when equipped with an optional jib, expanding the company’s heavy-crane product offerings.
The TC600 incorporates a 4-section boom and offsetable lattice style jib utilizing high strength steel and components providing high strength-to-weight ratio for increased capacities at long radius. The TC600 includes a spacious, high-visibility cab and the advanced hydraulics of the Manitex TC line of lift solutions with increased lifting capabilities. Featuring a removable counter-weight system and uniquely designed trapezoid subframe, the TC600 provides added stability and precision control.
Steve Kiefer, President, Chief Operating Officer, added, “We are excited to add the TC600 boom truck to our line of products, supporting the industry’s growing need for high-capacity machines. Manitex has consistently been an innovator in meeting end-users’ needs for equipment delivering high-value, operator comfort and overall performance. The TC600 is available for immediate sale through the Manitex dealer network, and we are looking forward to displaying the TC600 at the International Construction & Utility Equipment Exposition (ICUEE) in Louisville, KY in early-October and beginning deliveries in the fourth quarter of 2019.” The Industrial Goods sector company, Manitex International noticed change of -0.67% to $5.95 along volume of 38430 shares in recent session compared to an average volume of 83.56K. The stock observed return of -1.65% in 5 days trading activity. The stock was at 8.58% over one month performance. MNTX’s shares are at -26.54% for the quarter and driving a -53.48% return over the course of the past year and is now at 4.75% since this point in 2018.
The average volatility for the week at 5.54% and for month was at 7.85%. There are 17.76M shares outstanding and 14.31M shares are floated in market. Right now the stock beta is 1.5.
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