Titan International (NYSE:TWI) Downgraded by StockNews.com to “Sell”

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

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

Titan International Stock Performance

Shares of TWI stock opened at $6.95 on Thursday. The firm has a market capitalization of $438.82 million, a price-to-earnings ratio of -57.92 and a beta of 1.83. The stock has a fifty day moving average of $7.23 and a 200 day moving average of $7.58. Titan International has a 52 week low of $6.34 and a 52 week 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.

Institutional Trading of Titan International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,625 shares during the last quarter. nVerses Capital LLC boosted its stake 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 worth $30,000 after purchasing an additional 3,100 shares in the last quarter. Panagora Asset Management Inc. grew its position in Titan International by 1.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 245,067 shares of the industrial products company’s stock valued at $1,816,000 after purchasing an additional 3,220 shares during the last quarter. Innealta Capital LLC bought a new stake in Titan International during the 2nd quarter valued at about $27,000. Finally, Koss Olinger Consulting LLC raised its holdings in Titan International by 9.7% in the third quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company’s stock worth $396,000 after buying an additional 4,309 shares during the last quarter. Hedge funds and other institutional investors 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.