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

Titan International (NYSE:TWI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Titan International Stock Up 11.9 %

Shares of NYSE TWI opened at $7.31 on Tuesday. The company has a 50 day simple moving average of $7.57 and a 200-day simple moving average of $8.03. The company has a market capitalization of $461.23 million, a P/E ratio of -60.88 and a beta of 1.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International has a 1 year low of $6.34 and a 1 year high of $15.33.

Hedge Funds Weigh In On Titan International

Hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new position in Titan International in the 2nd quarter valued at approximately $27,000. Gladius Capital Management LP purchased a new position in Titan International in the 2nd quarter valued at approximately $30,000. nVerses Capital LLC boosted its position in Titan International by 344.4% in the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after buying an additional 3,100 shares during the period. CWM LLC boosted its position in Titan International by 46.8% in the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock valued at $65,000 after buying an additional 2,819 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Titan International in the 2nd quarter valued at approximately $101,000. Hedge funds and other institutional investors 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.