Institutional Investors Continue to Own the Majority of Company Shares: Manitex International, Inc. (NASDAQ:MNTX)

Manitex International, Inc. (NASDAQ:MNTX)’s shares are under review with key ownership changing hands of late.

One of the most famous sayings in the stock market is “buy low, sell high”. This may seem like an oversimplified statement, but there are many novice investors who often do the complete opposite. Many investors may be looking too closely at stocks that have been on the rise, and they might not be checking on the underlying fundamental data. They may be hoping to ride the wave higher, but may end up shaking their heads. On the flip side, many investors may hold onto stocks for far too long after they have slipped drastically. Waiting for a bounce that may never come can cause frustration and plenty of second guessing. Successful investors are typically able to locate stocks that are undervalued at a certain price. This may take a lot of practice and dedication, but it may do wonders for the health of the portfolio.

Manitex International, Inc. (NASDAQ:MNTX)’s stock has been a favorite of “smart money” aka institutions, as of late.  Institutions are currently holders of 59.20% of the shares.  On the other hand, company insiders are holding 16.40%.  Manitex International, Inc.’s stock price currently sits at $7.22.

Institutional portfolio managers can perform a more intense in-depth analyses than the average investor because of the vast resources at their disposal.  They have access to teams of researchers and data that the average investor doesn’t have.  It doesn’t guarantee that they’ll make money on the stock, however, but it greatly enhances the chance that they will turn a profit.   

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Manitex International, Inc. (NASDAQ:MNTX)’s stock was -24.79%.  Over the last week of the month, it was -12.70%, -37.00% over the last quarter, and  -36.44% for the past six months. 

Over the past 50 days, Manitex International, Inc. stock was -38.61% off of the high and 3.59% removed from the low.  Their 52-Week High and Low are noted here.  -45.55% (High), 3.59%, (Low). 

Technical Analysis

Technical analysts have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward.  Analysts use common formulas and ratios to accomplish this.

Manitex International, Inc. (NASDAQ:MNTX)’s RSI (Relative Strength Index) is 31.86.  RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

Investors have the ability to approach the stock market from various angles. This may include using technical analysis, fundamental analysis, or a combination or the two. Investors watching the technical levels may be trying to chart patterns and discover trends in stock price movement. Investors tracking the fundamentals may be looking closely at many different factors. They may be focused on industry performance, earnings estimates, dividend payouts, and other factors. They might also be studying how the company is run, and trying to figure out the true value of the firm. Keeping track of all the data may seem overwhelming, but it may help give a needed boost to the portfolio.

Another important element to consider is the price target and recommendations from brokerage firm analysts.  On a consensus basis the Street sees the stock heading to 13.00 in the near term.  Based on a 1 to 5 integer scale, analysts have a 2.00 recommendation on the name.

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