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

StockNews.com downgraded shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a research note released on Monday morning.

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

Titan International Stock Down 0.3 %

NYSE:TWI opened at $7.00 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International has a 1-year low of $6.34 and a 1-year high of $15.33. The company has a 50-day moving average of $7.19 and a 200 day moving average of $7.53. The firm has a market cap of $441.97 million, a PE ratio of -58.33 and a beta of 1.82.

Institutional Investors Weigh In On Titan International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Villanova Investment Management Co LLC purchased a new position in Titan International in the third quarter worth $1,110,000. Victory Capital Management Inc. grew its stake in Titan International by 31.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after buying an additional 388,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after buying an additional 6,112 shares during the last quarter. Donald Smith & CO. Inc. acquired a new position in Titan International during the 3rd quarter valued at about $3,234,000. Finally, Creative Planning raised its stake in Titan International by 80.2% in the third quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock valued at $595,000 after buying an additional 32,562 shares during the last quarter. 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.