Titan International (NYSE:TWI) Stock Price Down 5.7% – Should You Sell?

Titan International, Inc. (NYSE:TWI) shares fell 5.7% during mid-day trading on Friday . The stock traded as low as $8.60 and last traded at $8.50. 162,611 shares traded hands during trading, a decline of 75% from the average session volume of 651,027 shares. The stock had previously closed at $9.01.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TWI shares. Cantor Fitzgerald started coverage on Titan International in a research report on Thursday. They set an “overweight” rating and a $11.00 target price on the stock. DA Davidson started coverage on Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 target price on the stock. Finally, StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Titan International Trading Down 5.4 %

The stock has a market cap of $538.76 million, a P/E ratio of -71.13 and a beta of 1.77. 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 50-day moving average price of $8.34 and a two-hundred day moving average price of $7.71.

Hedge Funds Weigh In On Titan International

Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in Titan International by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,743,587 shares of the industrial products company’s stock valued at $18,629,000 after acquiring an additional 27,616 shares during the last quarter. Victory Capital Management Inc. grew its position in Titan International by 21.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock valued at $13,267,000 after acquiring an additional 344,658 shares during the last quarter. Geode Capital Management LLC grew its position in Titan International by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,138,329 shares of the industrial products company’s stock valued at $7,732,000 after acquiring an additional 5,940 shares during the last quarter. Northern Trust Corp grew its position in Titan International by 6.9% in the 4th quarter. Northern Trust Corp now owns 542,660 shares of the industrial products company’s stock valued at $3,685,000 after acquiring an additional 35,159 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after acquiring an additional 6,112 shares during the last quarter. 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.