Titan International (NYSE:TWI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Titan International, Inc. (NYSE:TWI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.44 and traded as high as $8.68. Titan International shares last traded at $8.5650, with a volume of 462,165 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TWI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Titan International in a research note on Monday, December 29th. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.33.

Titan International Price Performance

The business has a 50-day moving average price of $7.99 and a two-hundred day moving average price of $8.44. The company has a quick ratio of 1.25, a current ratio of 2.28 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $547.73 million, a price-to-earnings ratio of -85.65 and a beta of 1.41.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.07. Titan International had a negative net margin of 0.34% and a positive return on equity of 1.38%. The business had revenue of $466.47 million during the quarter, compared to the consensus estimate of $458.74 million. As a group, research analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Titan International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new position in Titan International during the 3rd quarter valued at about $27,000. Federated Hermes Inc. bought a new stake in Titan International during the 3rd quarter worth approximately $31,000. Byrne Asset Management LLC purchased a new stake in shares of Titan International in the third quarter worth approximately $32,000. Russell Investments Group Ltd. lifted its holdings in shares of Titan International by 22,000.0% in the third quarter. Russell Investments Group Ltd. now owns 4,199 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 4,180 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Titan International in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Company Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.