Large Outflow of Money Witnessed in Manitowoc Company (The)

Manitowoc Company (The) (NYSE:MTW) traded higher in the last at $5.6, gaining 0.03 points or 0.54%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-2.59) million. The composite uptick value of $1.93 million was eclipsed by the accrued downtick value of $4.52 million, thereby ensuring the up/down ratio of 0.43. For the week, the shares have posted returns of -1.93%.A block trade registered during the day has revealed $0 million in upticks and $2.58 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-2.58) million.


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. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Weyers Lawrence Joseph, (Senior Vice President) of Manitowoc Co Inc, had unloaded 1,472 shares at an average price of $15.2 in a transaction dated on February 16, 2016. The total value of the transaction was worth $22,374.

Manitowoc Company (The) (NYSE:MTW) : On Monday heightened volatility was witnessed in Manitowoc Company (The) (NYSE:MTW) which led to swings in the share price. The stock opened for trading at $5.54 and hit $5.68 on the upside , eventually ending the session at $5.6, with a gain of 0.54% or 0.03 points. The heightened volatility saw the trading volume jump to 2,693,542 shares. The 52-week high of the share price is $6.15 and the company has a market cap of $767 million. The 52-week low of the share price is at $2.478949 .

Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup maintains the rating on Manitowoc Company (The) (NYSE:MTW). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $4.5 per share to $6 per share. The rating by the firm was issued on May 13, 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.

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