Titan International (NYSE:TWI) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a research report report published on Friday morning.

Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald initiated coverage on Titan International in a research note on Thursday. They issued an “overweight” rating and a $11.00 price target on the stock. DA Davidson assumed coverage on shares of Titan International in a report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price for the company.

Titan International Trading Down 3.3 %

Titan International stock opened at $8.72 on Friday. The firm has a market cap of $550.77 million, a price-to-earnings ratio of -72.63 and a beta of 1.77. Titan International has a 1 year low of $6.34 and a 1 year high of $12.77. The firm’s 50 day moving average price is $8.38 and its two-hundred day moving average price is $7.71. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TWI. GAMMA Investing LLC lifted its stake in Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,132 shares in the last quarter. Quarry LP purchased a new stake in shares of Titan International in the third quarter worth approximately $41,000. FMR LLC boosted its holdings 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 worth $43,000 after purchasing an additional 1,625 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Titan International during the fourth quarter valued at approximately $54,000. Finally, Mraz Amerine & Associates Inc. acquired a new position in Titan International in the 4th quarter valued at approximately $74,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

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.