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

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

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

Titan International Stock Performance

NYSE:TWI opened at $6.80 on Monday. The company has a fifty day moving average of $7.16 and a 200-day moving average of $7.52. The firm has a market capitalization of $429.35 million, a P/E ratio of -56.67 and a beta of 1.82. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. Titan International has a twelve month low of $6.34 and a twelve month high of $15.33.

Institutional Trading of Titan International

Several institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of Titan International by 43.7% in 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. GAMMA Investing LLC grew its stake in shares of Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,132 shares in the last quarter. Koss Olinger Consulting LLC boosted its holdings in shares of Titan International by 9.7% in the 3rd quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company’s stock worth $396,000 after buying an additional 4,309 shares during the last quarter. Quarry LP purchased a new position in shares of Titan International in the 3rd quarter worth about $41,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Titan International by 1.2% in 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 buying an additional 6,112 shares during the last quarter. 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.