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

StockNews.com cut shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a report published on Monday morning.

Separately, DA Davidson initiated coverage on shares of Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 price objective for the company.

Titan International Trading Down 0.3 %

Shares of NYSE:TWI opened at $7.00 on Monday. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. Titan International has a 52-week low of $6.34 and a 52-week high of $15.33. The stock has a market cap of $441.97 million, a price-to-earnings ratio of -58.33 and a beta of 1.82. The business has a 50-day moving average price of $7.19 and a 200-day moving average price of $7.53.

Institutional Trading of Titan International

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in shares of Titan International by 2,689.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company’s stock worth $9,043,000 after purchasing an additional 1,176,593 shares during the period. Pacer Advisors Inc. boosted its holdings in Titan International by 35.6% during the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after buying an additional 1,175,857 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in Titan International during the third quarter valued at $3,234,000. Denali Advisors LLC grew its position in Titan International by 582.0% during the second quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock valued at $2,052,000 after buying an additional 236,287 shares during the period. Finally, Villanova Investment Management Co LLC purchased a new position in Titan International in the third quarter valued at $1,110,000. 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.