Titan Machinery (NASDAQ:TITN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Titan Machinery Inc. (NASDAQ:TITN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.78 and traded as high as $19.00. Titan Machinery shares last traded at $18.99, with a volume of 352,439 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TITN. Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Robert W. Baird raised Titan Machinery from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $25.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.20.

Titan Machinery Stock Up 6.6 %

The firm has a 50-day moving average of $15.16 and a two-hundred day moving average of $14.78. The firm has a market capitalization of $439.24 million, a PE ratio of 14.17 and a beta of 1.31. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The company had revenue of $679.80 million for the quarter, compared to analyst estimates of $675.30 million. During the same period last year, the company posted $1.32 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Titan Machinery Inc. will post 0.05 EPS for the current year.

Institutional Trading of Titan Machinery

Institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in shares of Titan Machinery by 5.1% in the 4th quarter. Empowered Funds LLC now owns 20,000 shares of the company’s stock worth $283,000 after buying an additional 962 shares during the last quarter. US Bancorp DE lifted its position in shares of Titan Machinery by 116.2% during the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock valued at $43,000 after acquiring an additional 1,677 shares during the last quarter. R Squared Ltd purchased a new position in Titan Machinery in the 4th quarter worth about $26,000. Janus Henderson Group PLC lifted its position in shares of Titan Machinery by 6.8% in the 3rd quarter. Janus Henderson Group PLC now owns 39,262 shares of the company’s stock valued at $547,000 after acquiring an additional 2,496 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Titan Machinery during the third quarter valued at $41,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.