Titan International (NYSE:TWI) Stock Rating Upgraded by StockNews.com

Titan International (NYSE:TWI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, DA Davidson assumed coverage on Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 target price on the stock.

Titan International Stock Performance

Shares of TWI opened at $6.99 on Tuesday. Titan International has a 1-year low of $6.34 and a 1-year high of $15.33. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average price is $7.18 and its 200-day moving average price is $7.52.

Institutional Trading of Titan International

A number of hedge funds and other institutional investors have recently modified their holdings of TWI. Quarry LP bought a new stake in Titan International during the third quarter worth about $41,000. FMR LLC increased its stake in Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,625 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 during the last quarter. Quantinno Capital Management LP bought a new position in shares of Titan International in the third quarter worth approximately $92,000. Finally, Intech Investment Management LLC bought a new stake in shares of Titan International during the third quarter valued at approximately $117,000. 80.39% of the stock is owned by hedge funds and other 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.