Titan International (NYSE:TWI) Stock Rating Lowered by StockNews.com

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

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

Titan International Stock Down 0.3 %

TWI stock traded down $0.02 during midday trading on Monday, reaching $7.00. The company had a trading volume of 533,115 shares, compared to its average volume of 551,372. The company has a 50 day moving average of $7.19 and a two-hundred day moving average of $7.53. The company has a market capitalization of $441.97 million, a P/E ratio of -58.33 and a beta of 1.82. Titan International has a 1 year low of $6.34 and a 1 year high of $15.33. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TWI. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 3,132 shares in the last quarter. Quarry LP acquired a new stake in shares of Titan International in the third quarter worth about $41,000. FMR LLC boosted its stake in shares of Titan International by 43.7% during the 3rd 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 in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Titan International during the 3rd quarter valued at about $92,000. Finally, Intech Investment Management LLC bought a new position in shares of Titan International in the 3rd quarter valued at approximately $117,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Company Profile

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.