Titan International (NYSE:TWI) Rating Lowered to “Sell” at StockNews.com

Titan International (NYSE:TWI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Titan International Price Performance

TWI stock traded up $0.08 during trading on Tuesday, hitting $6.53. The company had a trading volume of 593,881 shares, compared to its average volume of 512,623. Titan International has a fifty-two week low of $6.34 and a fifty-two week high of $15.33. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $7.59 and a two-hundred day moving average price of $8.04. The company has a market cap of $412.30 million, a P/E ratio of -54.42 and a beta of 1.82.

Hedge Funds Weigh In On Titan International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after acquiring an additional 388,864 shares during the last quarter. Donald Smith & CO. Inc. acquired a new stake in Titan International during the third quarter worth about $3,234,000. Ballentine Partners LLC bought a new position in shares of Titan International in the 3rd quarter valued at $180,000. Koss Olinger Consulting LLC lifted its position in shares of Titan International by 9.7% during the 3rd quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company’s stock worth $396,000 after buying an additional 4,309 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Titan International by 80.2% during the 3rd quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 32,562 shares during the last quarter. Institutional investors own 80.39% of the company’s stock.

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.