Titan International (NYSE:TWI) Cut to Sell at StockNews.com

StockNews.com lowered shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Separately, DA Davidson began coverage on shares of Titan International in a research note on Friday, December 13th. They issued a “buy” rating and a $11.00 target price on the stock.

Titan International Stock Performance

Shares of NYSE:TWI opened at $6.95 on Thursday. The stock has a market capitalization of $438.82 million, a price-to-earnings ratio of -57.92 and a beta of 1.83. 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 company’s 50 day simple moving average is $7.23 and its 200 day simple moving average is $7.58. Titan International has a 1 year low of $6.34 and a 1 year high of $15.33.

Institutional Investors Weigh In On Titan International

Several hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Titan International during the 2nd quarter valued at about $27,000. nVerses Capital LLC raised its stake in shares of Titan International by 344.4% during the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 3,100 shares in the last quarter. Quarry LP bought a new stake in shares of Titan International in the 3rd quarter worth approximately $41,000. FMR LLC lifted its holdings in shares of Titan International by 43.7% in the 3rd 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 during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Titan International in the 3rd quarter valued at $92,000. 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.