StockNews.com Downgrades Titan International (NYSE:TWI) to Sell

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

Several other research analysts have also weighed in on the stock. DA Davidson began 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 on the stock. Cantor Fitzgerald initiated coverage on Titan International in a research report on Thursday, March 20th. They set an "overweight" rating and a $11.00 price objective for the company.

Titan International Stock Down 0.6 %

Shares of TWI traded down $0.05 during mid-day trading on Friday, reaching $8.85. The company's stock had a trading volume of 671,772 shares, compared to its average volume of 674,560. Titan International has a 1 year low of $6.34 and a 1 year high of $12.77. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The company has a market cap of $559.30 million, a price-to-earnings ratio of -73.75 and a beta of 1.77. The business has a fifty day moving average of $8.47 and a 200 day moving average of $7.72.

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Institutional Trading of Titan International

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Titan International by 136.2% during the fourth 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 during the last quarter. Quarry LP bought a new stake in shares of Titan International during the 3rd quarter worth about $41,000. FMR LLC increased its holdings in shares of 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 acquiring an additional 1,625 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Titan International in the 4th quarter valued at approximately $54,000. Finally, Mraz Amerine & Associates Inc. acquired a new stake in Titan International in the 4th quarter worth approximately $74,000. 80.39% of the stock is owned by institutional investors.

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.