Titan International (NYSE:TWI) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a report published on Monday morning.

Separately, DA Davidson assumed coverage on shares of Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 price objective on the stock.

Titan International Trading Down 0.3 %

Shares of Titan International stock opened at $6.80 on Monday. Titan International has a 12-month low of $6.34 and a 12-month high of $15.33. The company has a market cap of $429.35 million, a price-to-earnings ratio of -56.67 and a beta of 1.82. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $7.16 and its 200-day moving average price is $7.52.

Institutional Trading of Titan International

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Titan International by 136.2% during the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 3,132 shares during the period. Quarry LP purchased a new stake in shares of Titan International during the third quarter valued at approximately $41,000. FMR LLC boosted its stake in shares of Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,625 shares during the period. Quantinno Capital Management LP purchased a new stake in Titan International in the third quarter worth $92,000. Finally, Intech Investment Management LLC purchased a new stake in Titan International in the third quarter worth $117,000. 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.