Titan International (NYSE:TWI) Rating Increased to Hold at StockNews.com

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

Titan International Stock Down 0.5 %

Shares of Titan International stock opened at $7.54 on Wednesday. Titan International has a 1 year low of $6.34 and a 1 year high of $15.33. The firm has a market cap of $476.07 million, a price-to-earnings ratio of -62.83 and a beta of 1.82. The company has a 50-day moving average of $7.52 and a 200 day moving average of $7.92. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of Titan International during the second quarter valued at $27,000. Gladius Capital Management LP bought a new stake in Titan International during the 2nd quarter valued at about $30,000. nVerses Capital LLC raised its holdings in Titan International by 344.4% in the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after buying an additional 3,100 shares during the last quarter. CWM LLC lifted its stake in shares of Titan International by 46.8% in the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after buying an additional 2,819 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Titan International in the second quarter worth approximately $101,000. Institutional investors 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.