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

Titan International (NYSE:TWI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other research firms have also recently commented on TWI. DA Davidson initiated coverage on Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price on the stock. Cantor Fitzgerald initiated coverage on Titan International in a research report on Thursday. They issued an “overweight” rating and a $11.00 target price on the stock.

Titan International Stock Performance

TWI traded down $0.30 during trading hours on Friday, hitting $8.72. The company’s stock had a trading volume of 4,818,196 shares, compared to its average volume of 670,475. Titan International has a fifty-two week low of $6.34 and a fifty-two week high of $12.94. 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 firm has a market capitalization of $550.77 million, a PE ratio of -72.63 and a beta of 1.77. The company has a 50-day simple moving average of $8.38 and a 200 day simple moving average of $7.71.

Hedge Funds Weigh In On Titan International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Villanova Investment Management Co LLC bought a new position in Titan International during the 3rd quarter valued at $1,110,000. Total Clarity Wealth Management Inc. bought a new position in Titan International during the 4th quarter valued at $193,000. Barclays PLC boosted its stake in Titan International by 207.1% during the 3rd quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock valued at $877,000 after purchasing an additional 72,612 shares in the last quarter. GAMMA Investing LLC boosted its stake in Titan International by 136.2% during the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after acquiring an additional 6,112 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

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.