Titan International (NYSE:TWI) Stock Rating Lowered by StockNews.com

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

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

Titan International Price Performance

Shares of NYSE TWI traded down $0.33 during mid-day trading on Thursday, reaching $7.03. The company’s stock had a trading volume of 957,249 shares, compared to its average volume of 553,149. The stock has a 50-day moving average of $7.23 and a two-hundred day moving average of $7.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The stock has a market capitalization of $443.87 million, a P/E ratio of -58.58 and a beta of 1.83. Titan International has a 1-year low of $6.34 and a 1-year high of $15.33.

Institutional Trading of Titan International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Villanova Investment Management Co LLC purchased a new stake in shares of Titan International in the third quarter valued at about $1,110,000. Victory Capital Management Inc. raised its stake in Titan International by 31.9% during the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after purchasing an additional 388,864 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after purchasing an additional 6,112 shares during the last quarter. Donald Smith & CO. Inc. purchased a new stake in shares of Titan International in the 3rd quarter valued at approximately $3,234,000. Finally, Creative Planning increased 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 worth $595,000 after buying an additional 32,562 shares during the last quarter. 80.39% of the stock is owned by institutional investors and hedge funds.

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.