Titan International (NYSE:TWI) Coverage Initiated by Analysts at DA Davidson

DA Davidson began coverage on shares of Titan International (NYSE:TWI) in a report issued on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $11.00 price target on the industrial products company’s stock.

Separately, StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

Titan International Stock Performance

Shares of Titan International stock opened at $8.17 on Friday. The business has a fifty day simple moving average of $7.20 and a two-hundred day simple moving average of $7.60. The firm has a market capitalization of $515.53 million, a P/E ratio of -68.04 and a beta of 1.83. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. Titan International has a 12 month low of $6.34 and a 12 month high of $15.33.

Institutional Trading of Titan International

A number of institutional investors and hedge funds have recently bought and sold shares of TWI. Innealta Capital LLC purchased a new stake in shares of Titan International during the second quarter valued at approximately $27,000. nVerses Capital LLC lifted its position in Titan International by 344.4% in the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 3,100 shares in the last quarter. Gladius Capital Management LP purchased a new stake in Titan International during the 2nd quarter valued at $30,000. Quarry LP purchased a new stake in Titan International during the 3rd quarter valued at $41,000. Finally, FMR LLC raised its stake in shares of Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,625 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors.

About Titan International

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.