Titan International (NYSE:TWI) Trading 5.1% Higher – Time to Buy?

Shares of Titan International, Inc. (NYSE:TWI) rose 5.1% on Thursday . The company traded as high as $8.08 and last traded at $7.98. Approximately 136,018 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 659,480 shares. The stock had previously closed at $7.59.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DA Davidson assumed coverage on Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective for the company. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th.

Titan International Stock Up 2.9 %

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 has a market capitalization of $526.27 million, a P/E ratio of -69.46 and a beta of 1.82. The stock has a 50 day moving average price of $7.21 and a 200 day moving average price of $7.53.

Titan International (NYSE:TWI) last posted its earnings results on Wednesday, October 30th. The industrial products company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.21). The firm had revenue of $447.99 million during the quarter, compared to the consensus estimate of $471.63 million. Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. During the same quarter in the prior year, the business posted $0.29 earnings per share. On average, research analysts anticipate that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Titan International

A number of hedge funds have recently modified their holdings of TWI. Donald Smith & CO. Inc. acquired a new stake in Titan International during the 3rd quarter valued at approximately $3,234,000. Victory Capital Management Inc. increased its position in shares of Titan International by 31.9% during the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after buying an additional 388,864 shares during the period. Villanova Investment Management Co LLC bought a new position in Titan International during the third quarter worth $1,110,000. Barclays PLC raised its stake in Titan International by 207.1% during the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock worth $877,000 after buying an additional 72,612 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Titan International in the third quarter valued at $444,000. Institutional investors and hedge funds 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.