Titan International (NYSE:TWI) Shares Gap Up – Here’s What Happened

Titan International, Inc. (NYSE:TWI)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $7.92, but opened at $8.19. Titan International shares last traded at $8.77, with a volume of 122,579 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TWI shares. DA Davidson started coverage on Titan International in a research note 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 note on Wednesday, February 12th.

Titan International Stock Up 7.5 %

The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The company has a market capitalization of $537.63 million, a P/E ratio of -70.96 and a beta of 1.82. The company has a 50 day moving average of $7.92 and a 200-day moving average of $7.67.

Institutional Trading of Titan International

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Titan International by 136.2% in the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 3,132 shares during the last quarter. Quarry LP bought a new stake in shares of Titan International in the third quarter worth about $41,000. FMR LLC grew its stake 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 worth $43,000 after purchasing an additional 1,625 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Titan International in the fourth quarter worth about $54,000. Finally, Mraz Amerine & Associates Inc. bought a new stake in shares of Titan International in the fourth quarter worth about $74,000. 80.39% of the stock is owned by 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.