Titan International (NYSE:TWI) Shares Gap Up – Here’s What Happened

Titan International, Inc. (NYSE:TWI)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $7.65, but opened at $7.99. Titan International shares last traded at $7.96, with a volume of 55,624 shares.

Analyst Ratings Changes

TWI has been the topic of several analyst reports. DA Davidson assumed coverage on shares of Titan International in a report on Friday. They issued a “buy” rating and a $11.00 price objective on the stock. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

Titan International Trading Up 6.8 %

The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $7.20 and a 200 day moving average price of $7.60.

Institutional Trading of Titan International

A number of hedge funds and other institutional investors have recently modified their holdings of TWI. Barclays PLC boosted its position in Titan International by 207.1% during the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock valued at $877,000 after purchasing an additional 72,612 shares during the last quarter. Villanova Investment Management Co LLC bought a new position in shares of Titan International in the third quarter valued at $1,110,000. Quantinno Capital Management LP acquired a new stake in Titan International in the third quarter valued at $92,000. Quarry LP acquired a new stake in Titan International in the 3rd quarter valued at about $41,000. Finally, Readystate Asset Management LP bought a new stake in Titan International in the third quarter valued at approximately $355,000. 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.