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

Titan International (NYSE:TWI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Several other brokerages have also weighed in on TWI. DA Davidson started 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. Cantor Fitzgerald began coverage on Titan International in a research report on Thursday. They issued an “overweight” rating and a $11.00 price target on the stock.

Titan International Price Performance

Shares of NYSE:TWI opened at $8.72 on Friday. The firm has a market capitalization of $550.77 million, a PE ratio of -72.63 and a beta of 1.77. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. Titan International has a 1-year low of $6.34 and a 1-year high of $12.77. The business’s 50 day moving average is $8.38 and its 200-day moving average is $7.71.

Hedge Funds Weigh In On Titan International

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Titan International by 136.2% during the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after buying an additional 3,132 shares in the last quarter. Quarry LP bought a new stake in Titan International during the 3rd quarter worth about $41,000. FMR LLC lifted its position in Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,625 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Titan International during the 4th quarter worth approximately $54,000. Finally, Mraz Amerine & Associates Inc. bought a new stake in shares of Titan International during the fourth quarter worth approximately $74,000. 80.39% of the stock is owned by institutional investors.

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.