Titan International (NYSE:TWI) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Titan International (NYSE:TWI) from a sell rating to a hold rating in a research report report published on Friday.

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

Titan International Trading Down 0.7 %

NYSE TWI opened at $6.92 on Friday. The stock has a 50 day moving average of $7.22 and a 200-day moving average of $7.55. Titan International has a 12 month low of $6.34 and a 12 month high of $15.33. The company has a market cap of $436.92 million, a PE ratio of -57.67 and a beta of 1.83. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.

Institutional Trading of Titan International

Several large investors have recently made changes to their positions in TWI. FMR LLC increased its holdings in shares of Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after buying an additional 1,625 shares in the last quarter. nVerses Capital LLC boosted its holdings in Titan International by 344.4% in the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 3,100 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Titan International by 1.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 245,067 shares of the industrial products company’s stock valued at $1,816,000 after purchasing an additional 3,220 shares during the last quarter. Innealta Capital LLC bought a new stake in Titan International during the second quarter valued at $27,000. Finally, Koss Olinger Consulting LLC raised its position in shares of Titan International by 9.7% in the 3rd quarter. Koss Olinger Consulting LLC now owns 48,681 shares of the industrial products company’s stock worth $396,000 after acquiring an additional 4,309 shares in the last quarter. Institutional investors and hedge funds 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.