How to Buy Manitex International Stock
Manitex International Inc
Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. It designs, manufactures, and distributes products that are used in various industries.
Manitex International stock last closed at $5.75, down 0.17% from the previous day, and has decreased 17.39% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.32 percentage points. Manitex International stock is currently +87.3% from its 52-week low of $3.07, and -37.23% from its 52-week high of $9.16.
At the moment, there are 20.4M shares of MNTX outstanding. The market capitalization of MNTX is $117.28M. In the last 24 hours, 69,258 MNTX shares were traded.
How to Buy Manitex International Stock
Not sure how to invest in Manitex International stock? Here's how.
- Figure out where to buy Manitex International stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Manitex International stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your payment method and add your information.
- Research Manitex International stock: The Manitex International ticker symbol is MNTX. Is Manitex International stock a good investment? Should you buy shares of MNTX? How do MNTX's underlying business fundamentals look? Do top analysts think Manitex International is a good buy? Why has MNTX's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if MNTX is a good stock to buy).
- Place your MNTX buy order: Decide if you will purchase MNTX shares at the current market price or use a limit order to buy MNTX stock at a particular price.
- Get notifications regarding your investment in MNTX: Create a watchlist to important updates regarding your new investment in Manitex International stock.
Step 1: Figure out where to buy Manitex International stock
You will need a brokerage account in order to access the NASDAQ market and buy MNTX shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal information so you can buy MNTX today.
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Step 3: Fund your brokerage account
Now that you have created your account on the best stock app to use, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help depositing money into your investment account.
Step 4: Research Manitex International stock
Once you have figured out the best place to buy Manitex International stock, it's absolutely critical to analyze their stock before you invest, so you can understand the risk and upside.
Manitex International shares at a glance
MNTX Due Diligence Checks
WallStreetZen was created to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on MNTX's stock page.
Is MNTX stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge MNTX's true value.
Using relative valuations methods:
- MNTX could be undervalued based on its P/E ratio of 12.78x, relative to Farm & Heavy Construction Machinery industry P/E ratio of 15.01x
- MNTX may be undervalued based on its P/B ratio of 1.55x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.83x
You can access more valuation analysis on MNTX's stock here.
A quick look at MNTX Financials
Positive Health Checks:
- MNTX profit margin has gone up from 0.9% to 3.2% in the past year.
- There are more short-term assets than long-term liabilities on the MNTX balance sheet.
- There are more short-term assets than short-term liabilities on the MNTX balance sheet.
Negative Health Checks:
- Total MNTX debt is higher than 5 years ago, relative to shareholder equity.
- MNTX's operating cash flow of $11.24M allows it to safely service it's debt of $95.54M.
- MNTX earnings of $16.34M is not sufficient to cover its interest payments.
- MNTX has a relatively high debt to equity ratio of 2.18.
Is it a good time to buy MNTX stock, according to Wall Street analysts?
Out of 1 sell side analysts who monitor MNTX, the consensus analyst rating on Manitex International is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Manitex International stock forecast page.
MNTX Momentum
Is MNTX Making Money?
Last year, MNTX earnings were $9.40M. Over the past 3 year, MNTX's earnings have gone up by 175.75% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 18.62%.
Last year, MNTX revenue was $294.78M. Over the past 5 year, MNTX's revenue has grown by 5.74% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 5%.
Learn more about MNTX's earnings and revenue performance here.
Who is buying/selling MNTX?
Over the past 12 months, insiders at MNTX have not bought or sold any shares.
Research more about who owns MNTX stock here.
Can I get consistent income from MNTX stock?
No, Manitex International doesn't provide an income stream by paying out dividends.
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Step 5: Place your MNTX buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Press the Open button and eToro will place your order.
If you need more help with investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in MNTX
Now that you own some MNTX shares, you'll want to stay up-to-date on your stock purchase.
Make a watchlist to keep track of your MNTX stock.
MNTX Feed
How to Buy Stock in Manitex International
To reiterate, here are the 6 steps to buy Manitex International stock:
- Figure out where to buy Manitex International stock
- Create your brokerage account
- Fund your brokerage account
- Research Manitex International stock
- Place your MNTX buy order
- Get notifications regarding your investment in MNTX
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