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

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

Titan International Price Performance

TWI opened at $7.54 on Wednesday. The company’s 50-day simple moving average is $7.52 and its two-hundred day simple moving average is $7.92. Titan International has a 52-week low of $6.34 and a 52-week high of $15.33. The stock has a market capitalization of $476.07 million, a P/E ratio of -62.83 and a beta of 1.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.

Institutional Investors Weigh In On Titan International

A number of hedge funds have recently added to or reduced their stakes in TWI. Charles Schwab Investment Management Inc. grew its holdings in shares of Titan International by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after acquiring an additional 6,112 shares during the period. Intech Investment Management LLC bought a new stake in shares of Titan International during the 3rd quarter valued at about $117,000. Quest Partners LLC purchased a new stake in shares of Titan International during the 3rd quarter valued at about $159,000. Empowered Funds LLC lifted its stake in shares of Titan International by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 297,142 shares of the industrial products company’s stock worth $2,416,000 after purchasing an additional 15,142 shares during the period. Finally, Metis Global Partners LLC purchased a new position in shares of Titan International in the third quarter worth approximately $119,000. 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.