Titan Machinery (NASDAQ:TITN) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Titan Machinery Inc. (NASDAQ:TITN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.04 and traded as high as $17.42. Titan Machinery shares last traded at $15.66, with a volume of 237,084 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on TITN shares. Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Robert W. Baird raised Titan Machinery from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $25.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.20.

Titan Machinery Price Performance

The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $16.40 and a two-hundred day moving average price of $15.04. The stock has a market capitalization of $362.15 million, a P/E ratio of 11.69 and a beta of 1.31.

Institutional Investors Weigh In On Titan Machinery

Several large investors have recently bought and sold shares of the business. US Bancorp DE increased its holdings in Titan Machinery by 23.8% in the 4th quarter. US Bancorp DE now owns 3,861 shares of the company’s stock worth $55,000 after buying an additional 741 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Titan Machinery by 51.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,605 shares of the company’s stock worth $37,000 after buying an additional 882 shares in the last quarter. Empowered Funds LLC increased its holdings in Titan Machinery by 5.1% in the 4th quarter. Empowered Funds LLC now owns 20,000 shares of the company’s stock worth $283,000 after buying an additional 962 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Titan Machinery by 5.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 20,000 shares of the company’s stock worth $283,000 after buying an additional 962 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Titan Machinery by 8.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company’s stock worth $208,000 after buying an additional 1,197 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.