The market has been high on Manitex International Inc (MNTX) stock recently. MNTX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Manitex International Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MNTX!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With MNTX Stock Today?
Manitex International Inc (MNTX) stock is trading at $6.55 as of 10:57 AM on Monday, Nov 20, an increase of $0.30, or 4.72% from the previous closing price of $6.25. The stock has traded between $6.33 and $6.67 so far today. Volume today is below average. So far 61,137 shares have traded compared to average volume of 103,003 shares.
More About Manitex International Inc
Manitex International Inc, through its subsidiaries, is engaged in the design, manufacture and distribution of engineered lifting solutions. Its products include boom trucks, truck cranes and sign cranes. The company generates a majority of its revenue from Boom trucks, knuckle boom and truck cranes. Geographically, it has a business presence in the U.S., Italy, Canada, Chile, France and other countries, of which it generates a majority of its revenue from the United States.
Click Here to get the full Stock Report for Manitex International Inc stock.
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