The Manitowoc Company, Inc. (MTW) stock RSI 78.51 signaled a sell opportunity

Ivan Schwartz
August 11, 2017

With these kinds of figures it is worthy to note that The Manitowoc Company, Inc. The stock is expected to report revenue as high as $383.1 Million and as low as $339.3 Million per share. Moreover, Sg Americas Securities Lc has 0% invested in Manitowoc Company Inc (NYSE:MTW).

A number of other hedge funds have also recently bought and sold shares of MTW. Dimensional Fund Advisors LP raised its position in Manitowoc Company, Inc. (The) by 1,649.5% in the first quarter. Shares of the company are trading at $7.87 which is just a bit higher than $5.93, the 50 day moving average and which is slightly above the 200 day moving average of $6.01. JPMorgan Chase & Co. boosted its stake in shares of Manitowoc Company, Inc. (The) by 33.3% in the first quarter. Finally, Southpoint Capital Advisors LP raised its position in shares of Manitowoc Company, Inc. Fmr Ltd Co holds 2.80M shares or 0% of its portfolio.

Manitowoc Company, Inc. has a 52-week low of $3.65 and a 52-week high of $8.20. (The) by 21.0% in the first quarter. Aperio Group LLC now owns 37,840 shares of the industrial products company's stock worth $227,000 after buying an additional 9,518 shares in the last quarter.

More recent Manitowoc Company Inc (NYSE:MTW) news were published by: which released: "Manitowoc Company Inc". The total value of its holdings increased 6.6%. Institutional investors maintain the ownership of 81.80% shares and 0.70% shares have in possession of insiders investors. (NYSE MTW) traded up 1.03% during mid-day trading on Monday, hitting $7.88.

About 366,221 shares traded. However, if the CENX shares go below $13.06 then it would indicate a much weaker market for the company.

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Manitowoc Company, Inc. (The) (NYSE:MTW) last announced its earnings results on Monday, August 7th. The industrial products company reported $0.05 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative return on equity of 14.86% and a negative net margin of 14.63%.

Over the last 5 years, The Manitowoc Company, Inc. has averaged a -61.30% YoY EPS growth rate and a -14.80% revenue growth rate. Second-quarter orders of $379.5 million, which included the initial production order related to the U.S. Army contract, were up 9% from the comparable period in the previous year. On average, equities analysts predict that Manitowoc Company, Inc. will post ($0.30) earnings per share for the current fiscal year.

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In terms of Buy, Sell or Hold recommendations, Manitowoc Company (NYSE:MTW) has analysts' mean recommendation of 2.6. (The) in a research note on Friday, June 16th. Jefferies Group LLC reissued a "buy" rating and set a $8.00 price target on shares of Manitowoc Company, Inc. (The) from $6.22 to $6.30 and gave the company a hold rating in a research note on Friday, May 12th. Russell Investments Group Ltd. increased its position in shares of Manitowoc Company, Inc. The stock has "Equal-Weight" rating by Barclays Capital on Wednesday, October 12. (The) in a research report on Thursday, June 22nd. Manitowoc Company Inc (NYSE:MTW) has risen 0.72% since August 8, 2016 and is uptrending. RBC Capital Markets maintained the stock with "Hold" rating in Tuesday, July 25 report.

Among 17 analysts covering Manitowoc Company (NYSE:MTW), 4 have Buy rating, 1 Sell and 12 Hold. Manitowoc Company, Inc. (The) has a consensus rating of Hold and an average target price of $5.89. Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.06% in Manitowoc Company Inc (NYSE:MTW). Mr. Weyers now serves as Executive Vice President, Tower Cranes, and has held various other executive management positions since joining the Company in 1998. The Company designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name.

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