Manitowoc Company (The) (MTW) has been under a strong bear grip, hence the stock is down -1.11% 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 8.68% in the past 1 week. The stock has risen by 8.86% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.64% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 5.39% and the 50-Day Moving Average is 3.11%.The 200 Day SMA reached 37.89%
Manitowoc Company (The) (NYSE:MTW): After opening at $4.63, the stock dipped to an intraday low of $4.58 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.815 and the buying power remained strong till the end. The stock closed at $4.79 for the day, a gain of 4.13% for the day session. The total traded volume was 1,491,646. The stocks close on the previous trading day was $4.79.
Manitowoc Company (The) (MTW) : The most positive equity analysts on Manitowoc Company (The) (MTW) expects the shares to touch $7, whereas, the least positive believes that the stock will trade at $5 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $5.43 with an expected fluctuation of $0.93 from the mean.
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.