Manitowoc Company, Inc. (The) (NYSE:MTW) has lost 3.54% during the past week and dropped 4.35% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.39%. Manitowoc Company, Inc. (The) (NYSE:MTW) has underperformed the index by 3.61% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
The company shares have dropped -40.56% from its 1 Year high price. On Jul 7, 2014, the shares registered one year high at $33.27 and the one year low was seen on Oct 15, 2014. The 50-Day Moving Average price is $19.82 and the 200 Day Moving Average price is recorded at $20.33.
The company executives own 1.5% of The Manitowoc Company, Inc. Company shares. In the past six months, there is a change of -4.45% in the total insider ownership. Institutional Investors own 83.1% of Company shares. During last 3 month period, 10.46% of total institutional ownership has changed in the company shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The (SVP, General Counsel and Secre) of Manitowoc Co Inc, Jones Maurice D sold 2,500 shares at $20.03 on June 4, 2015. The Insider selling transaction had a total value worth of $50,075. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
The Manitowoc Company, Inc. (MTW) is a multi-industry, capital goods manufacturer. MTW 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, and cooking needs of restaurants, convenience stores, hotels, healthcare, and institutional applications. Its Crane products are marketed under the Manitowoc, Grove, Potain, National, Shuttlelift, Dongyue, and Crane Care brand names. In January 2014, Manitowoc Co Inc completed the sale of its 50% interest in its Chinese joint venture Manitowoc Dong Yue Heavy Machinery Co., Ltd. Effective June 26, 2014, Relational Investors LLC acquired an 8.517% interest in the MTW.