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

Titan International (NYSE:TWI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Several other analysts have also recently commented on the company. Cantor Fitzgerald started coverage on Titan International in a research report on Thursday. They issued an “overweight” rating and a $11.00 target price for the company. DA Davidson started coverage on Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price for the company.

Titan International Price Performance

Shares of TWI traded down $0.30 during trading hours on Friday, hitting $8.72. 4,818,196 shares of the company were exchanged, compared to its average volume of 670,475. The company has a market capitalization of $550.77 million, a PE ratio of -72.63 and a beta of 1.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The firm has a fifty day simple moving average of $8.38 and a 200-day simple moving average of $7.71. Titan International has a one year low of $6.34 and a one year high of $12.94.

Institutional Trading of Titan International

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Titan International by 136.2% during the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,132 shares in the last quarter. Quarry LP purchased a new stake in shares of Titan International during the third quarter worth $41,000. FMR LLC raised its holdings in shares of Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 1,625 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Titan International during the fourth quarter worth $54,000. Finally, Mraz Amerine & Associates Inc. purchased a new stake in shares of Titan International during the fourth quarter worth $74,000. Institutional investors and hedge funds 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.