StockNews.com Upgrades Titan International (NYSE:TWI) to “Hold”

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

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

Titan International Stock Performance

Shares of TWI stock opened at $6.97 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The firm has a market cap of $440.08 million, a P/E ratio of -58.08 and a beta of 1.83. The firm’s 50 day moving average price is $7.23 and its 200-day moving average price is $7.56. Titan International has a one year low of $6.34 and a one year high of $15.33.

Institutional Trading of Titan International

Large investors have recently modified their holdings of the stock. Barclays PLC grew its stake in Titan International by 207.1% during 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 in the last quarter. Villanova Investment Management Co LLC purchased a new stake in shares of Titan International in the 3rd quarter valued at approximately $1,110,000. Quantinno Capital Management LP purchased a new stake in shares of Titan International during the 3rd quarter worth $92,000. Quarry LP acquired a new position in shares of Titan International during the third quarter worth $41,000. Finally, Readystate Asset Management LP acquired a new stake in Titan International in the third quarter valued at $355,000. 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.