Titan International (NYSE:TWI) Rating Increased to Hold at StockNews.com

Titan International (NYSE:TWI - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Other research analysts also recently issued reports about the stock. DA Davidson started coverage on shares of Titan International in a research note on Friday, December 13th. They issued a "buy" rating and a $11.00 target price on the stock. Cantor Fitzgerald began coverage on shares of Titan International in a report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 price target on the stock.

Titan International Trading Down 3.3 %

TWI traded down $0.27 on Friday, hitting $8.12. 391,191 shares of the company were exchanged, compared to its average volume of 694,881. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The firm has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $7.74. The stock has a market capitalization of $512.91 million, a PE ratio of -67.63 and a beta of 1.77. Titan International has a 12 month low of $6.34 and a 12 month high of $12.77.

Institutional Trading of Titan International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWI. Quarry LP bought a new position in Titan International in the 3rd quarter worth $41,000. FMR LLC increased its position in shares of Titan International by 43.7% during the third 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 during the period. GAMMA Investing LLC raised 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 buying an additional 3,132 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Titan International in the fourth quarter worth about $54,000. Finally, Balyasny Asset Management L.P. bought a new stake in Titan International during the 4th quarter valued at approximately $74,000. Hedge funds and other institutional investors own 80.39% of the company's stock.

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.