StockNews.com upgraded shares of Titan International (NYSE:TWI - Free Report) from a sell rating to a hold rating in a research note published on Wednesday morning.
Titan International Stock Performance
Shares of Titan International stock traded down $0.39 during trading on Wednesday, hitting $7.15. 592,239 shares of the company's stock were exchanged, compared to its average volume of 516,568. The stock has a market capitalization of $451.45 million, a price-to-earnings ratio of -61.17 and a beta of 1.82. The business has a 50-day simple moving average of $7.51 and a 200-day simple moving average of $7.89. Titan International has a 52-week low of $6.34 and a 52-week high of $15.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.
Institutional Trading of Titan International
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in Titan International in the 2nd quarter worth approximately $27,000. Gladius Capital Management LP purchased a new position in Titan International in the second quarter valued at $30,000. nVerses Capital LLC raised its position in shares of Titan International by 344.4% in the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company's stock worth $30,000 after acquiring an additional 3,100 shares during the period. FMR LLC boosted its stake 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 worth $43,000 after acquiring an additional 1,625 shares in the last quarter. Finally, CWM LLC grew its position in shares of Titan International by 46.8% during the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company's stock valued at $65,000 after acquiring an additional 2,819 shares during the period. 80.39% of the stock is owned by institutional investors and hedge funds.
Titan International Company Profile
(
Get Free Report)
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.
Read More
Before you consider Titan International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Titan International wasn't on the list.
While Titan International currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
