Titan International (NYSE:TWI) Downgraded to “Sell” Rating by StockNews.com

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

Separately, DA Davidson started coverage on shares of Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 target price for the company.

Titan International Stock Performance

TWI stock traded down $0.33 during trading on Thursday, hitting $7.03. 957,249 shares of the company traded hands, compared to its average volume of 553,149. Titan International has a 1 year low of $6.34 and a 1 year high of $15.33. The company has a market cap of $443.87 million, a PE ratio of -58.58 and a beta of 1.83. The stock’s 50-day simple moving average is $7.23 and its 200 day simple moving average is $7.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Hedge Funds Weigh In On Titan International

Several institutional investors and hedge funds have recently modified their holdings of the business. Villanova Investment Management Co LLC purchased a new position in Titan International during the third quarter worth approximately $1,110,000. Victory Capital Management Inc. lifted 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 buying an additional 388,864 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after buying an additional 6,112 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in Titan International in the 3rd quarter valued at $3,234,000. Finally, Creative Planning increased its holdings in Titan International by 80.2% in the 3rd quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 32,562 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

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.