Titan International, Inc. (NYSE:TWI - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $7.92, but opened at $8.19. Titan International shares last traded at $8.77, with a volume of 122,579 shares.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Titan International from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. DA Davidson started coverage on Titan International in a research note on Friday, December 13th. They set a "buy" rating and a $11.00 price objective on the stock.
Read Our Latest Stock Report on Titan International
Titan International Stock Performance
The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The business has a 50-day moving average of $7.92 and a 200-day moving average of $7.68. The company has a market capitalization of $495.01 million, a P/E ratio of -65.33 and a beta of 1.82.
Institutional Trading of Titan International
Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Titan International by 31.9% in the third 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 period. Kennedy Capital Management LLC bought a new stake in shares of Titan International during the fourth quarter worth $1,482,000. First Eagle Investment Management LLC purchased a new stake in shares of Titan International during the fourth quarter valued at $1,211,000. Jane Street Group LLC boosted its stake in shares of Titan International by 105.6% during the fourth quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company's stock valued at $2,128,000 after purchasing an additional 160,975 shares during the period. Finally, Villanova Investment Management Co LLC bought a new position in shares of Titan International in the third quarter worth about $1,110,000. Institutional investors own 80.39% of the company's stock.
About Titan International
(
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.
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