Titan International (NYSE:TWI) Trading 5.6% Higher - Time to Buy?

Titan International, Inc. (NYSE:TWI - Get Free Report)'s share price traded up 5.6% on Thursday . The company traded as high as $8.82 and last traded at $8.93. 90,042 shares were traded during trading, a decline of 86% from the average session volume of 647,301 shares. The stock had previously closed at $8.45.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Cantor Fitzgerald initiated coverage on Titan International in a research report on Thursday. They issued an "overweight" rating and a $11.00 target price on the stock. DA Davidson initiated coverage on Titan International in a report on Friday, December 13th. They set a "buy" rating and a $11.00 price objective on the stock. Finally, StockNews.com lowered shares of Titan International from a "hold" rating to a "sell" rating in a report on Friday.

Titan International Trading Down 0.2 %

The company has a 50-day moving average of $8.38 and a 200 day moving average of $7.71. 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 company has a market cap of $549.82 million, a PE ratio of -72.50 and a beta of 1.77.

Hedge Funds Weigh In On Titan International

Large investors have recently modified their holdings of the stock. Villanova Investment Management Co LLC purchased a new position in Titan International during the third quarter worth $1,110,000. Total Clarity Wealth Management Inc. bought a new position in Titan International during the 4th quarter valued at about $193,000. Barclays PLC raised its position in Titan International by 207.1% in the 3rd quarter. Barclays PLC now owns 107,669 shares of the industrial products company's stock worth $877,000 after purchasing an additional 72,612 shares during the period. GAMMA Investing LLC lifted its stake in Titan International by 136.2% in the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock worth $37,000 after purchasing an additional 3,132 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Titan International by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company's stock valued at $4,118,000 after buying an additional 6,112 shares during the period. Institutional investors own 80.39% of the company's stock.

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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.