Manitowoc Company (MTW) - Overbought - views

Manitowoc Company has hit a technical signal on 3 different technical indicators. MTW is in the Capital Goods sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $15.66 on Feb 3.

There are currently 15 analysts covering the company. Of these analysts, 7 have a buy recommendation. The current consensus estimate for quarterly earnings among the 15 analysts covering the stock is $0.17 per share. Last quarter the company earned $0.17 per share. The consensus estimate for this years earnings is $0.40 per share as compared to the next years' expectation, of $0.95 per share. The consensus estimate for next years earnings is $0.95 per share, which represents forecast growth of 137.5%.

Over the last 52 weeks, the stock has been trading between $5.76 and $23.23. More recently in the last 4 weeks, the stock has been trading between $9.45 and $15.84. Yesterday the stock traded between $15.35 and $15.84. The stock currently has a PE ratio of 0.0.

Manitowoc Company is trading 26.6% from its 20-day simple moving average (SMA) of $12.37 and 44.8% from its 50-day SMA and 26.74% from its 200-day SMA. Average daily volume over the last 30 days has been 4,236,350 shares.

At yesterdays close: the RSI was at 82.7, the CCI was at 180.6 and the Fast Stochastic was at 96.1. MTW closed yesterday at $15.66, on volume of 5,380,870 shares as compared to an average volume of 4,236,350 over the last 4 weeks.

The Manitowoc Company, Inc. engages in the manufacture and sale of cranes and related products, and foodservice equipment. The company operates through two segments, Cranes and Related Products, and Foodservice Equipment. The Cranes and Related Products segment designs, manufactures, and markets a range of lattice-boom crawler cranes, mobile telescopic cranes, tower cranes, and boom trucks. Its crane products are used in various applications, including energy; petrochemical and industrial projects; infrastructure development, such as roads, bridges, and airport constructions; commercial and high-rise residential construction; and mining and dredging. This segment provides its crane products under the Manitowoc, Grove, Potain, National, Shuttlelift, and Dongyue brand names. It also offers crane-related product support services comprising maintenance and repair services, and parts supply principally under the Crane Care brand name. The Foodservice segment designs, manufactures, and sells primary cooking and warming equipment; ice-cube machines, ice flaker machines, and storage bins; refrigerator and freezer equipment; ware washing equipment; beverage dispensers and related products; serving and storage equipment; and food preparation equipment. This segment markets its products under the Cleveland, Convotherm, Delfield, Frymaster, Garland, Jackson, Kolpak, Kysor Panel Systems, Kysor Warren, Lincoln, Manitowoc, Merrychef, Multiplex, and SerVend brand names. It serves commercial and institutional foodservice operators, such as full service restaurants, quick-service restaurant chains, hotels, industrial caterers, supermarkets, convenience stores, hospitals, schools, and other institutions. The company operates in North America, Europe, Asia, the Middle East, Central and South America, Africa, south Pacific and the Caribbean, and Australia. The Manitowoc Company was founded in 1853 and is based in Manitowoc, Wisconsin.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

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