Manitowoc Company (The) (MTW) has been under a strong bear grip, hence the stock is down -10.2% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.71% in the past 1 week. The stock has risen by 5.67% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.86% in the past 4 weeks.
The Manitowoc Company, Inc. has dropped 7.88% during the last 3-month period . Year-to-Date the stock performance stands at -67.23%. The stock has recorded a 20-day Moving Average of 5.36% and the 50-Day Moving Average is 7.54%.
Manitowoc Company (The) (NYSE:MTW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.92 and $4.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.03, notching a gain of 2.24% for the day. The total traded volume was 3,733,539 . The stock had closed at $4.92 on the previous day.
Also, UBS maintains its view on Manitowoc Company (The) (NYSE:MTW) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. UBS lowers the price target from $6 per share to $4.5 per share on Manitowoc Company (The). The rating by the firm was issued on August 12, 2016.
The Manitowoc Company, Inc. (MTW) is a multi-industry capital goods manufacturer. The Company operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. Foodservice is a manufacturer of commercial foodservice equipment serving the ice, beverage, refrigeration, food-preparation, holding and cooking needs of restaurants, convenience stores, hotels, healthcare and institutional applications. Its Crane products are marketed under the Manitowoc, Grove, Potain, National Crane, Shuttlelift and Manitowoc Crane Care brand names. Its Foodservice products, services and solutions are marketed under Cleveland, Convotherm, Dean, Delfield, Fabristeel, Frymaster, Garland, Inducs, Koolaire, Kolpak, Kysor Panel Systems and U.S. Range, Lincoln, Manitowoc Ice and Merrychef, among others.