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

StockNews.com lowered shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a report released on Friday.

Several other equities analysts also recently commented on TWI. DA Davidson began coverage on Titan International in a research note on Friday, December 13th. They issued a “buy” rating and a $11.00 price objective on the stock. Cantor Fitzgerald began coverage on Titan International in a research report on Thursday. They set an “overweight” rating and a $11.00 target price on the stock.

Titan International Price Performance

Titan International stock opened at $8.72 on Friday. Titan International has a 12 month low of $6.34 and a 12 month high of $12.94. 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 business’s 50 day simple moving average is $8.38 and its 200 day simple moving average is $7.71. The company has a market cap of $550.77 million, a price-to-earnings ratio of -72.63 and a beta of 1.77.

Institutional Investors Weigh In On Titan International

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Titan International by 136.2% in the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after buying an additional 3,132 shares in the last quarter. Quarry LP purchased a new stake in shares of Titan International in the third quarter worth $41,000. FMR LLC raised its position in shares of Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after buying an additional 1,625 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Titan International in the fourth quarter worth $54,000. Finally, Mraz Amerine & Associates Inc. purchased a new stake in shares of Titan International in the fourth quarter worth $74,000. 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.