StockNews.com Upgrades Titan International (NYSE:TWI) to Hold

Titan International (NYSE:TWI - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

Separately, DA Davidson initiated coverage on Titan International in a research report on Friday, December 13th. They issued a "buy" rating and a $11.00 price target on the stock.

Titan International Price Performance

TWI stock traded up $0.10 during mid-day trading on Tuesday, hitting $6.69. 496,465 shares of the stock were exchanged, compared to its average volume of 633,048. The business has a fifty day moving average price of $7.17 and a 200 day moving average price of $7.52. 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 12 month low of $6.34 and a 12 month high of $15.33. The stock has a market capitalization of $422.40 million, a price-to-earnings ratio of -55.75 and a beta of 1.82.

Institutional Investors Weigh In On Titan International

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock worth $37,000 after buying an additional 3,132 shares in the last quarter. Quarry LP purchased a new position in Titan International in the 3rd quarter worth approximately $41,000. FMR LLC grew its holdings in Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock valued at $43,000 after buying an additional 1,625 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Titan International during the third quarter valued at approximately $92,000. Finally, Intech Investment Management LLC purchased a new position in shares of Titan International in the third quarter worth $117,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

About Titan International

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.