Titan International (NYSE:TWI) Upgraded by StockNews.com to Hold Rating

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

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

Titan International Price Performance

NYSE:TWI opened at $6.97 on Friday. The firm’s fifty day moving average is $7.23 and its two-hundred day moving average is $7.56. The firm has a market cap of $440.08 million, a price-to-earnings ratio of -58.08 and a beta of 1.83. Titan International has a one year low of $6.34 and a one year high of $15.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.

Institutional Trading of Titan International

Several institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased 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 worth $33,194,000 after purchasing an additional 1,175,857 shares in the last quarter. Victory Capital Management Inc. lifted its position in Titan International by 31.9% during the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after buying an additional 388,864 shares in the last quarter. LSV Asset Management boosted its stake in Titan International by 6.1% during the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after buying an additional 47,600 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 6,112 shares during the last quarter. Finally, Donald Smith & CO. Inc. acquired a new position in shares of Titan International during the 3rd quarter valued at about $3,234,000. 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.