Titan International (NYSE:TWI) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Separately, DA Davidson initiated coverage on shares of Titan International in a report on Friday, December 13th. They issued a “buy” rating and a $11.00 price target for the company.

Titan International Trading Down 4.5 %

TWI stock opened at $7.03 on Thursday. Titan International has a 12 month low of $6.34 and a 12 month high of $15.33. The firm’s 50-day moving average is $7.23 and its 200 day moving average is $7.58. The company has a market capitalization of $443.87 million, a PE ratio of -58.58 and a beta of 1.83. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Hedge Funds Weigh In On Titan International

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWI. Barclays PLC lifted its position in shares of Titan International by 207.1% during the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock valued at $877,000 after buying an additional 72,612 shares during the last quarter. Villanova Investment Management Co LLC purchased a new stake in Titan International during the third quarter valued at approximately $1,110,000. Quantinno Capital Management LP acquired a new stake in Titan International in the third quarter valued at approximately $92,000. Quarry LP purchased a new position in Titan International in the third quarter worth $41,000. Finally, Readystate Asset Management LP acquired a new position in shares of Titan International during the third quarter worth $355,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Company Profile

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.