Titan International (NYSE:TWI) Sees Large Volume Increase – Time to Buy?

Titan International, Inc. (NYSE:TWI) saw strong trading volume on Monday . 600,386 shares were traded during trading, an increase of 15% from the previous session’s volume of 522,012 shares.The stock last traded at $8.68 and had previously closed at $6.95.

Analyst Ratings Changes

Separately, StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

Titan International Trading Up 34.4 %

The firm’s 50-day moving average price is $7.16 and its 200-day moving average price is $7.60. The company has a market cap of $589.73 million, a P/E ratio of -71.17 and a beta of 1.83. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84.

Institutional Investors Weigh In On Titan International

A number of institutional investors and hedge funds have recently modified their holdings of TWI. Price T Rowe Associates Inc. MD boosted its stake in Titan International by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,505 shares of the industrial products company’s stock valued at $555,000 after buying an additional 2,171 shares during the period. CWM LLC grew its holdings in shares of Titan International by 46.8% during the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 2,819 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Titan International in the second quarter worth approximately $101,000. Assenagon Asset Management S.A. raised its stake in Titan International by 6.7% in the second quarter. Assenagon Asset Management S.A. now owns 345,509 shares of the industrial products company’s stock valued at $2,560,000 after purchasing an additional 21,604 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in Titan International during the second quarter valued at approximately $30,000. 80.39% of the stock is owned by hedge funds and other 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.