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

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

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

Titan International Stock Performance

TWI stock traded down $0.02 during mid-day trading on Monday, reaching $7.00. 533,115 shares of the stock traded hands, compared to its average volume of 551,372. The firm has a market capitalization of $441.97 million, a PE ratio of -58.33 and a beta of 1.82. The business has a 50-day moving average of $7.19 and a two-hundred day moving average of $7.53. 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.

Institutional Trading of Titan International

A number of hedge funds have recently bought and sold shares of TWI. Pacer Advisors Inc. raised its position in shares of Titan International by 35.6% during the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock valued at $33,194,000 after buying an additional 1,175,857 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Titan International by 31.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after acquiring an additional 388,864 shares in the last quarter. LSV Asset Management lifted its position in shares of Titan International by 6.1% in the 2nd quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after acquiring an additional 47,600 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after purchasing an additional 6,112 shares in the last quarter. Finally, Donald Smith & CO. Inc. bought a new stake in shares of Titan International during the third quarter valued at approximately $3,234,000. 80.39% of the stock is owned by 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.