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

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

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

Titan International Price Performance

TWI stock opened at $8.67 on Tuesday. The firm has a 50 day moving average of $7.46 and a 200-day moving average of $7.58. The company has a market cap of $547.11 million, a price-to-earnings ratio of -72.21 and a beta of 1.82. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. Titan International has a 12-month low of $6.34 and a 12-month high of $14.73.

Institutional Trading of Titan International

Several institutional investors and hedge funds have recently modified their holdings of the business. Donald Smith & CO. Inc. acquired a new position in shares of Titan International during the 3rd quarter worth approximately $3,234,000. Victory Capital Management Inc. raised its holdings in shares of Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after acquiring an additional 388,864 shares during the last quarter. Villanova Investment Management Co LLC purchased a new stake in shares of Titan International in the third quarter valued at $1,110,000. Barclays PLC boosted its stake in shares of Titan International by 207.1% during the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock valued at $877,000 after acquiring an additional 72,612 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Titan International during the third quarter valued at $444,000. Hedge funds and other 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.