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

Titan International (NYSE:TWI - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.

Separately, DA Davidson assumed coverage on shares of 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 traded up $0.06 during midday trading on Tuesday, hitting $8.64. The company's stock had a trading volume of 553,723 shares, compared to its average volume of 726,601. The company has a quick ratio of 1.33, a current ratio of 2.38 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. The company has a 50 day moving average of $7.54 and a two-hundred day moving average of $7.60. The firm has a market capitalization of $545.53 million, a price-to-earnings ratio of -72.00 and a beta of 1.82.

Hedge Funds Weigh In On Titan International

A number of institutional investors and hedge funds have recently modified their holdings of TWI. Miller Financial Services LLC purchased a new position in Titan International during the fourth quarter worth $85,000. Inceptionr LLC raised its position in Titan International by 156.4% in the 4th quarter. Inceptionr LLC now owns 28,907 shares of the industrial products company's stock worth $196,000 after purchasing an additional 17,633 shares during the period. Proficio Capital Partners LLC purchased a new stake in Titan International in the 4th quarter worth about $126,000. Victory Capital Management Inc. lifted its stake in Titan International by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company's stock worth $13,267,000 after purchasing an additional 344,658 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of Titan International during the fourth quarter valued at approximately $191,000. 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.