Titan International (NYSE:TWI) Downgraded to “Sell” Rating by StockNews.com

Titan International (NYSE:TWI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Separately, DA Davidson began coverage on Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price on the stock.

Titan International Stock Performance

TWI traded down $0.02 on Tuesday, reaching $8.66. 771,786 shares of the stock were exchanged, compared to its average volume of 748,495. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The company’s 50-day moving average price is $7.43 and its 200 day moving average price is $7.58. The firm has a market capitalization of $546.48 million, a PE ratio of -72.13 and a beta of 1.82. Titan International has a fifty-two week low of $6.34 and a fifty-two week high of $14.83.

Hedge Funds Weigh In On Titan International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital Investment Counsel Inc boosted its position in Titan International by 21.3% during the fourth quarter. Capital Investment Counsel Inc now owns 143,878 shares of the industrial products company’s stock worth $977,000 after acquiring an additional 25,275 shares during the last quarter. Mraz Amerine & Associates Inc. acquired a new position in shares of Titan International during the 4th quarter worth approximately $74,000. Principal Financial Group Inc. grew its position in shares of Titan International by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 232,819 shares of the industrial products company’s stock valued at $1,581,000 after purchasing an additional 1,464 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Titan International by 5.1% in the fourth quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company’s stock valued at $2,121,000 after purchasing an additional 15,245 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new position in Titan International during the fourth quarter worth approximately $193,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Company Profile

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.