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

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

Titan International Stock Performance

Titan International stock opened at $6.92 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $436.61 million, a PE ratio of -57.63 and a beta of 1.82. The firm has a fifty day simple moving average of $7.49 and a two-hundred day simple moving average of $7.88. Titan International has a twelve month low of $6.34 and a twelve month high of $15.33.

Hedge Funds Weigh In On Titan International

A number of hedge funds have recently modified their holdings of TWI. BNP Paribas Financial Markets increased its position in shares of Titan International by 51.0% in the first quarter. BNP Paribas Financial Markets now owns 40,001 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 13,507 shares during the period. ProShare Advisors LLC purchased a new position in shares of Titan International during the first quarter valued at about $129,000. Vanguard Group Inc. increased its position in shares of Titan International by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock valued at $48,327,000 after buying an additional 10,537 shares during the period. UniSuper Management Pty Ltd purchased a new position in shares of Titan International during the first quarter valued at about $289,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Titan International by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,505 shares of the industrial products company’s stock valued at $555,000 after buying an additional 2,171 shares during the period. 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.