Titan International (NYSE:TWI) Rating Lowered to Sell at StockNews.com

Titan International (NYSE:TWI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Separately, DA Davidson assumed coverage on Titan International in a research note on Friday, December 13th. They issued a “buy” rating and a $11.00 target price on the stock.

Titan International Price Performance

TWI opened at $6.84 on Monday. The company has a fifty day moving average price of $7.18 and a two-hundred day moving average price of $7.53. 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 capitalization of $431.87 million, a PE ratio of -57.00 and a beta of 1.82. Titan International has a 52 week low of $6.34 and a 52 week high of $15.33.

Institutional Investors Weigh In On Titan International

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Titan International by 136.2% during the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 3,132 shares in the last quarter. Quarry LP bought a new stake in shares of Titan International during the third quarter worth $41,000. FMR LLC raised its holdings in shares of Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 1,625 shares during the period. Quantinno Capital Management LP bought a new stake in Titan International in the 3rd quarter valued at $92,000. Finally, Intech Investment Management LLC bought a new stake in Titan International in the 3rd quarter valued at $117,000. 80.39% of the stock is currently owned by institutional investors and hedge funds.

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.