Overall market sentiment has been high on Manitex International Inc (MNTX) stock lately. MNTX receives a Bullish rating 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!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With MNTX Stock Today?
Manitex International Inc (MNTX) stock has risen 8.62% while the S&P 500 has fallen -0.66% as of 1:38 PM on Monday, Dec 4. MNTX is higher by $0.59 from the previous closing price of $6.90 on volume of 160,638 shares. Over the past year the S&P 500 is higher by 14.14% while MNTX is higher by 50.00%. MNTX earned $0.13 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 57.07.
To see InvestorsObserver's Sentiment Score for Manitex International Inc click here.
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.
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