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

StockNews.com cut shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a report issued on Tuesday morning.

Titan International Stock Up 1.0 %

NYSE TWI opened at $7.37 on Tuesday. 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. The business’s fifty day simple moving average is $7.53 and its 200-day simple moving average is $8.00. The firm has a market cap of $465.03 million, a PE ratio of -61.38 and a beta of 1.82.

Institutional Trading of Titan International

Several institutional investors and hedge funds have recently bought and sold shares of TWI. Innealta Capital LLC purchased a new stake in Titan International in the 2nd quarter valued at about $27,000. Gladius Capital Management LP purchased a new stake in Titan International in the 2nd quarter valued at about $30,000. nVerses Capital LLC raised its holdings 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 valued at $30,000 after buying an additional 3,100 shares during the period. CWM LLC raised its holdings in Titan International by 46.8% in the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock valued at $65,000 after buying an additional 2,819 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Titan International during the second quarter worth about $101,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

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.