Manitex International Inc. Stock Downgraded (MNTX)
- Despite its growing revenue, the company underperformed as compared with the industry average of 27.8%. Since the same quarter one year prior, revenues rose by 23.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The debt-to-equity ratio is somewhat low, currently at 0.90, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.88 is somewhat weak and could be cause for future problems.
- Net operating cash flow has significantly decreased to -$0.93 million or 414.14% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Machinery industry. The net income has significantly decreased by 69.0% when compared to the same quarter one year ago, falling from $0.93 million to $0.29 million.
-- Written by a member of TheStreet Ratings Staff
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