Manitowoc (MTW) Declines 35% YTD: What's Ailing the Stock?
MTWManitowoc(MTW) ZACKS·2024-06-18 01:20

The Manitowoc Company (MTW) has failed to impress investors as it has been witnessing declines in its top and bottom lines for the past two consecutive quarters. This decline is mainly due to the ongoing weakness in the Europe and Africa (EURAF) segment, and supply-chain, labor and logistic constraints. This Zacks Rank #5 (Strong Sell) company has a market capitalization of $387 million. The company’s shares have lost 34.7% so far this year against the industry’s 6.7% growth. Zacks Investment Research Image ...