Titan International (NYSE:TWI) Stock Price Up 5.1% – Still a Buy?

Titan International, Inc. (NYSE:TWI)’s stock price shot up 5.1% during mid-day trading on Thursday . The stock traded as high as $8.08 and last traded at $7.98. 136,018 shares changed hands during trading, a decline of 79% from the average session volume of 659,480 shares. The stock had previously closed at $7.59.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DA Davidson began coverage on shares of Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 target price on the stock. StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th.

Titan International Stock Up 2.9 %

The business has a fifty day moving average of $7.21 and a 200 day moving average of $7.53. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The firm has a market cap of $526.27 million, a P/E ratio of -69.46 and a beta of 1.82.

Titan International (NYSE:TWI) last posted its earnings results on Wednesday, October 30th. The industrial products company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.21). Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. The firm had revenue of $447.99 million during the quarter, compared to analyst estimates of $471.63 million. During the same quarter last year, the business posted $0.29 earnings per share. On average, equities research analysts predict that Titan International, Inc. will post 0.03 EPS for the current year.

Institutional Trading of Titan International

A number of hedge funds and other institutional investors have recently modified their holdings of 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 valued at $37,000 after purchasing an additional 3,132 shares during the period. Quarry LP acquired a new position in Titan International in the 3rd quarter valued at about $41,000. FMR LLC raised its holdings in Titan International by 43.7% in the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 1,625 shares during the period. Quantinno Capital Management LP acquired a new stake in Titan International during the third quarter worth approximately $92,000. Finally, Intech Investment Management LLC bought a new stake in shares of Titan International during the third quarter worth approximately $117,000. Institutional investors and hedge funds 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.