Titan International (NYSE:TWI) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Titan International (NYSE:TWI) from a hold rating to a sell rating in a report published on Tuesday morning.

Titan International Price Performance

Shares of TWI opened at $6.53 on Tuesday. The company has a market cap of $412.30 million, a P/E ratio of -54.42 and a beta of 1.82. Titan International has a fifty-two week low of $6.34 and a fifty-two week high of $15.33. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average price is $7.59 and its 200 day moving average price is $8.04.

Institutional Trading of Titan International

Several hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. grew its stake in Titan International by 35.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after purchasing an additional 1,175,857 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Titan International by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock worth $48,327,000 after buying an additional 10,537 shares during the period. Victory Capital Management Inc. raised its holdings in Titan International by 31.9% in the third 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 in the last quarter. LSV Asset Management lifted its stake in Titan International by 6.1% in the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after acquiring an additional 47,600 shares during the last quarter. Finally, Grace & White Inc. NY grew its holdings in Titan International by 68.7% during the 2nd quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock worth $2,992,000 after acquiring an additional 164,500 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

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.