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

Posted by ABMN Staff on Nov 17th, 2024

StockNews.com upgraded shares of Titan International (NYSE:TWI – Free Report) from a sell rating to a hold rating in a report issued on Wednesday.

Titan International Stock Performance

TWI opened at $6.95 on Wednesday. The company has a market cap of $438.82 million, a price-to-earnings ratio of -58.00 and a beta of 1.82. The firm’s fifty day simple moving average is $7.45 and its two-hundred day simple moving average is $7.84. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. Titan International has a 52-week low of $6.34 and a 52-week high of $15.33.

Hedge Funds Weigh In On Titan International

A number of hedge funds have recently made changes to their positions in TWI. Barclays PLC increased its position in shares of Titan International by 207.1% during the third 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 in the last quarter. Villanova Investment Management Co LLC acquired a new stake in Titan International during the 3rd quarter worth $1,110,000. Quantinno Capital Management LP purchased a new stake in shares of Titan International during the third quarter worth $92,000. Quarry LP acquired a new stake in shares of Titan International in the third quarter valued at about $41,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Titan International in the third quarter valued at about $355,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

About Titan International

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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.