Shares of Titan International, Inc. (NYSE:TWI - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $7.65, but opened at $7.99. Titan International shares last traded at $7.96, with a volume of 55,624 shares.
Analyst Upgrades and Downgrades
A number of research firms recently commented on TWI. StockNews.com upgraded Titan International from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. DA Davidson started coverage on Titan International in a research note on Friday. They set a "buy" rating and a $11.00 price target for the company.
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Titan International Stock Up 6.8 %
The company's 50 day moving average price is $7.20 and its two-hundred day moving average price is $7.60. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The firm has a market cap of $515.85 million, a PE ratio of -68.08 and a beta of 1.83.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in Titan International in the 2nd quarter worth approximately $27,000. Gladius Capital Management LP bought a new position in shares of Titan International in the second quarter worth approximately $30,000. nVerses Capital LLC increased its stake 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 purchasing an additional 3,100 shares in the last quarter. Quarry LP bought a new stake in shares of Titan International during the 3rd quarter valued at $41,000. Finally, FMR LLC lifted 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 valued at $43,000 after buying an additional 1,625 shares in the last quarter. Institutional investors own 80.39% of the company's stock.
Titan International Company Profile
(
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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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