Manitowoc Company (The) (MTW) : Traders are bullish on Manitowoc Company (The) (MTW) as it has outperformed the S&P 500 by a wide margin of 6.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.33%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.77% in the last 1 week, and is up 8.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $5.72 and $5.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.78, notching a gain of 1.58% for the day. The total traded volume was 1,690,887 . The stock had closed at $5.69 on the previous day.
The stock has recorded a 20-day Moving Average of 3.23% and the 50-Day Moving Average is 3.56%. The Manitowoc Company, Inc. has dropped 2.86% during the last 3-month period . Year-to-Date the stock performance stands at -62.35%.
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 7 Wall Street Brokerage Firms. The average price target for shares are $6.07 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.