Titan International (NYSE:TWI) Stock Price Down 8.2% – What’s Next?

Shares of Titan International, Inc. (NYSE:TWI) were down 8.2% during mid-day trading on Thursday . The stock traded as low as $7.88 and last traded at $8.02. Approximately 1,235,574 shares were traded during trading, an increase of 75% from the average daily volume of 706,149 shares. The stock had previously closed at $8.73.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TWI. DA Davidson initiated coverage on shares of Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 target price for the company. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Titan International Price Performance

The business’s fifty day moving average price is $7.87 and its 200-day moving average price is $7.66. The company has a market capitalization of $499.75 million, a P/E ratio of -65.96 and a beta of 1.82. 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 Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. purchased a new stake in shares of Titan International in the 3rd quarter worth approximately $3,234,000. Victory Capital Management Inc. grew its position in shares of Titan International by 31.9% during the 3rd 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 period. Kennedy Capital Management LLC purchased a new stake in Titan International in the fourth quarter worth about $1,482,000. First Eagle Investment Management LLC purchased a new stake in shares of Titan International in the fourth quarter worth $1,211,000. Finally, Jane Street Group LLC lifted its position in shares of Titan International by 105.6% in the fourth quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company’s stock valued at $2,128,000 after acquiring an additional 160,975 shares in the last quarter. 80.39% of the stock is currently owned by 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.