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 research note issued to investors on Tuesday.

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

Titan International Stock Performance

Shares of TWI stock opened at $8.67 on Tuesday. The firm has a market capitalization of $547.11 million, a price-to-earnings ratio of -72.21 and a beta of 1.82. 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 company has a 50 day moving average price of $7.46 and a 200 day moving average price of $7.58. Titan International has a one year low of $6.34 and a one year high of $14.73.

Institutional Trading of Titan International

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Titan International by 136.2% in the fourth 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 during the period. Quarry LP acquired a new stake in shares of Titan International in the third quarter valued at about $41,000. FMR LLC raised its holdings in shares of Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,625 shares during the period. Mraz Amerine & Associates Inc. acquired a new position in Titan International during the 4th quarter worth approximately $74,000. Finally, Quantinno Capital Management LP purchased a new position in Titan International in the 3rd quarter worth approximately $92,000. 80.39% of the stock is owned by hedge funds and other 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.