Manitex International Inc. Stock Upgraded (MNTX)
- The revenue growth came in higher than the industry average of 31.7%. Since the same quarter one year prior, revenues rose by 48.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Powered by its strong earnings growth of 50.00% and other important driving factors, this stock has surged by 48.13% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, MNTX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Machinery industry average. The net income increased by 55.3% when compared to the same quarter one year prior, rising from $0.66 million to $1.02 million.
- Net operating cash flow has significantly increased by 81.55% to $0.44 million when compared to the same quarter last year. Despite an increase in cash flow, MANITEX INTERNATIONAL INC's average is still marginally south of the industry average growth rate of 88.26%.
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