Titan International (NYSE:TWI) Shares Down 5.7% – Time to Sell?

Shares of Titan International, Inc. (NYSE:TWI) fell 5.7% during trading on Friday . The company traded as low as $8.60 and last traded at $8.50. 162,611 shares traded hands during trading, a decline of 75% from the average session volume of 651,027 shares. The stock had previously closed at $9.01.

Analysts Set New Price Targets

A number of brokerages have commented on TWI. DA Davidson began coverage on shares of Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 target price for the company. StockNews.com cut shares of Titan International from a “hold” rating to a “sell” rating in a report on Friday. Finally, Cantor Fitzgerald began coverage on shares of Titan International in a report on Thursday. They set an “overweight” rating and a $11.00 target price for the company.

Titan International Stock Down 3.3 %

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 $8.38 and its 200 day simple moving average is $7.71. The firm has a market cap of $550.77 million, a P/E ratio of -72.63 and a beta of 1.77.

Institutional Investors Weigh In On Titan International

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Titan International by 21.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock valued at $13,267,000 after buying an additional 344,658 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in Titan International during the 4th quarter valued at about $1,482,000. First Eagle Investment Management LLC bought a new stake in Titan International during the 4th quarter valued at about $1,211,000. Jane Street Group LLC increased its position in Titan International by 105.6% during the 4th quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company’s stock valued at $2,128,000 after purchasing an additional 160,975 shares during the period. Finally, Villanova Investment Management Co LLC purchased a new position in Titan International during the 3rd quarter valued at about $1,110,000. 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.