Titan International, Inc. (NYSE:TWI - Get Free Report) shares fell 5.7% during mid-day trading on Friday . The company traded as low as $8.60 and last traded at $8.50. 162,611 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 651,027 shares. The stock had previously closed at $9.01.
Analyst Upgrades and Downgrades
TWI has been the subject of several research analyst reports. StockNews.com cut Titan International from a "hold" rating to a "sell" rating in a research note on Friday. Cantor Fitzgerald assumed coverage on Titan International in a research note on Thursday, March 20th. They issued an "overweight" rating and a $11.00 target price on the stock. Finally, DA Davidson initiated coverage on shares of Titan International in a research note on Friday, December 13th. They issued a "buy" rating and a $11.00 price target on the stock.
Check Out Our Latest Analysis on Titan International
Titan International Stock Performance
The stock has a market cap of $566.89 million, a price-to-earnings ratio of -74.75 and a beta of 1.77. The company's 50 day simple moving average is $8.42 and its 200 day simple moving average is $7.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.
Hedge Funds Weigh In On Titan International
Several hedge funds have recently modified their holdings of TWI. Villanova Investment Management Co LLC acquired a new stake in shares of Titan International during the 3rd quarter valued at $1,110,000. Total Clarity Wealth Management Inc. acquired a new position in shares of Titan International in the 4th quarter valued at $193,000. Barclays PLC raised its holdings in shares of Titan International by 207.1% during the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company's stock valued at $877,000 after acquiring an additional 72,612 shares during the period. GAMMA Investing LLC lifted its position in shares of Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 3,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company's stock worth $4,118,000 after acquiring an additional 6,112 shares during the period. 80.39% of the stock is currently owned by institutional investors and hedge funds.
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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