Titan International (NYSE:TWI) Shares Cross Above 200 Day Moving Average – Time to Sell?

Titan International, Inc. (NYSE:TWI) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.31 and traded as high as $8.89. Titan International shares last traded at $8.6050, with a volume of 462,237 shares trading hands.

Analysts Set New Price Targets

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

Titan International Price Performance

The company has a current ratio of 2.28, a quick ratio of 1.25 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average of $8.32 and a 200 day moving average of $8.31. The firm has a market capitalization of $550.29 million, a PE ratio of -86.05 and a beta of 1.41.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new position in shares of Titan International in the 3rd quarter worth about $27,000. Federated Hermes Inc. purchased a new position in Titan International in the 3rd quarter valued at approximately $31,000. Russell Investments Group Ltd. raised its stake in shares of Titan International by 22,000.0% during the 3rd 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 during the period. AlphaQuest LLC purchased a new position in Titan International during the 2nd quarter valued at about $43,000. Finally, Byrne Asset Management LLC purchased a new position in Titan International during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.