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

Titan International (NYSE:TWI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

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

Titan International Stock Down 0.7 %

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

Institutional Trading of Titan International

Institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,625 shares in the last quarter. nVerses Capital LLC grew its stake in Titan International by 344.4% in the 2nd 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. increased its holdings in Titan International by 1.3% during 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 acquiring an additional 3,220 shares in the last quarter. Innealta Capital LLC purchased a new position in Titan International during the 2nd quarter valued at about $27,000. Finally, Koss Olinger Consulting LLC raised its position in Titan International by 9.7% during the third 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 during the last quarter. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

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.