StockNews.com Upgrades Titan International (NYSE:TWI) to "Hold"

StockNews.com upgraded shares of Titan International (NYSE:TWI - Free Report) from a sell rating to a hold rating in a research note released on Friday morning.

Separately, DA Davidson initiated coverage on shares of Titan International in a research note on Friday, December 13th. They set a "buy" rating and a $11.00 price target for the company.

Titan International Stock Down 0.7 %

NYSE:TWI traded down $0.05 on Friday, hitting $6.92. The stock had a trading volume of 621,487 shares, compared to its average volume of 569,343. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. Titan International has a 52 week low of $6.34 and a 52 week high of $15.33. The business's fifty day moving average is $7.22 and its 200 day moving average is $7.55. The company has a market cap of $436.92 million, a PE ratio of -57.67 and a beta of 1.83.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of Titan International by 332.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 19,897 shares of the industrial products company's stock valued at $147,000 after acquiring an additional 15,295 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Titan International by 1.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 245,067 shares of the industrial products company's stock valued at $1,816,000 after purchasing an additional 3,220 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Titan International during the 2nd quarter worth $27,000. nVerses Capital LLC boosted its holdings in shares of Titan International by 344.4% in the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company's stock worth $30,000 after buying an additional 3,100 shares during the last quarter. Finally, Privium Fund Management UK Ltd grew its position in Titan International by 100.7% during the second quarter. Privium Fund Management UK Ltd now owns 34,045 shares of the industrial products company's stock valued at $244,000 after buying an additional 17,085 shares during the period. 80.39% of the stock is owned by institutional investors.

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.