Titan International (NYSE:TWI) Trading Down 5.7% – Should You Sell?

Shares of Titan International, Inc. (NYSE:TWI) fell 5.7% on Friday . The company traded as low as $8.60 and last traded at $8.50. 162,611 shares changed hands during trading, a decline of 75% from the average session volume of 651,027 shares. The stock had previously closed at $9.01.

Analyst Ratings Changes

A number of research firms have recently weighed in on TWI. DA Davidson began coverage on Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective on the stock. StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald began coverage on Titan International in a research report on Thursday. They set an “overweight” rating and a $11.00 price objective on the stock.

Titan International Trading Down 5.4 %

The stock has a fifty day moving average of $8.34 and a 200 day moving average of $7.71. 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 company has a market capitalization of $538.76 million, a PE ratio of -71.13 and a beta of 1.77.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Titan International by 136.2% during the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,132 shares in the last quarter. Quarry LP purchased a new stake in shares of Titan International during the 3rd quarter worth approximately $41,000. FMR LLC raised its holdings in shares of Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 1,625 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Titan International during the 4th quarter worth approximately $54,000. Finally, Mraz Amerine & Associates Inc. purchased a new stake in shares of Titan International during the 4th quarter worth approximately $74,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

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.