Titan International (NYSE:TWI) Stock Rating Upgraded by StockNews.com

Titan International (NYSE:TWI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

TWI has been the subject of several other reports. DA Davidson began coverage on Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 target price for the company. Cantor Fitzgerald assumed coverage on shares of Titan International in a research note on Thursday, March 20th. They set an “overweight” rating and a $11.00 price objective for the company.

Titan International Price Performance

Shares of NYSE:TWI opened at $8.60 on Friday. The company has a market capitalization of $543.31 million, a PE ratio of -71.64 and a beta of 1.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The stock has a fifty day moving average of $8.56 and a 200-day moving average of $7.74. Titan International has a one year low of $6.34 and a one year high of $12.77.

Institutional Trading of Titan International

Several hedge funds and other institutional investors have recently modified their holdings of TWI. GAMMA Investing LLC raised its position in 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 buying an additional 3,132 shares during the period. Quarry LP acquired a new position in shares of Titan International in the 3rd quarter valued at about $41,000. FMR LLC increased its holdings in shares of Titan International by 43.7% in the 3rd 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. KLP Kapitalforvaltning AS purchased a new stake in shares of Titan International in the fourth quarter worth approximately $54,000. Finally, Mraz Amerine & Associates Inc. acquired a new stake in shares of Titan International during the fourth quarter worth approximately $74,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

About Titan International

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.