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

StockNews.com cut shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Separately, 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 price objective for the company.

Titan International Price Performance

NYSE:TWI opened at $8.58 on Tuesday. Titan International has a one year low of $6.34 and a one year high of $14.73. The stock has a market cap of $541.43 million, a P/E ratio of -71.46 and a beta of 1.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The company has a fifty day moving average price of $7.49 and a 200 day moving average price of $7.59.

Hedge Funds Weigh In On Titan International

A number of hedge funds have recently made changes to their positions in TWI. Donald Smith & CO. Inc. bought a new stake in shares of Titan International in the 3rd quarter worth about $3,234,000. Victory Capital Management Inc. grew its holdings in shares of Titan International by 31.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after purchasing an additional 388,864 shares during the last quarter. Villanova Investment Management Co LLC bought a new stake in shares of Titan International in the 3rd quarter worth about $1,110,000. Barclays PLC grew its holdings in shares of Titan International by 207.1% in the 3rd quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock worth $877,000 after purchasing an additional 72,612 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Titan International in the 3rd quarter worth about $444,000. Institutional investors and hedge funds 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.