Manitex International Stock Soars (MNTX)

NEW YORK ( TheStreet) -- Shares of Manitex International (Nasdaq: MNTX) have taken a tremendous swing upward. The stock is trading at $8.30 as of 1:20 p.m. ET, 20.8% above Tuesday's closing price of $6.87. Volume is at 116,354, 1.4 times the daily average of 81,700.

Manitex International has a market cap of $82 million and is part of the industrial goods sector and industrial industry. Shares are up 65.6% year to date as of the close of trading on Tuesday.

Manitex International, Inc. provides engineered lifting solutions. The company operates through two segments, Lifting Equipment and Equipment Distribution. The company has a P/E ratio of 29.6, above the average industrial industry P/E ratio of 29.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Manitex International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Manitex International Ratings Report.

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