Company Shares of Manitowoc Company (The) Rally 2.33%

Manitowoc Company (The) (NYSE:MTW) has climbed 2.33% in the past week and advanced 4.4% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.56% and the outperformance has advanced to 3.44% for the last 4 weeks period.

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 $5.59 and $5.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.70, notching a gain of 2.15% for the day. The total traded volume was 2,170,412 . The stock had closed at $5.58 on the previous day.

The company shares have dropped -70.98% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $20.49 and the one year low was seen on Mar 8, 2016. The 50-Day Moving Average price is $5.74 and the 200 Day Moving Average price is recorded at $9.71.

On the companys insider trading activities,The (Senior Vice President) of Manitowoc Co Inc, Weyers Lawrence Joseph sold 1,472 shares at $15.2 on February 16, 2016. The Insider selling transaction had a total value worth of $22,374. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Manitowoc Company (The) (NYSE:MTW). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $6 per share from a prior target of $4.5. The rating by the firm was issued on May 13, 2016. Currently the company Insiders own 3.36% of Manitowoc Company (The) shares according to the proxy statements. Institutional Investors own 82.02% of Manitowoc Company (The) shares.

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.

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