Titan International (NYSE:TWI) Upgraded at StockNews.com

StockNews.com upgraded shares of Titan International (NYSE:TWI) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

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

Titan International Stock Performance

Shares of TWI opened at $6.92 on Friday. 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 has a market cap of $436.92 million, a price-to-earnings ratio of -57.67 and a beta of 1.83. Titan International has a 12 month low of $6.34 and a 12 month high of $15.33. The company’s fifty day moving average is $7.22 and its 200-day moving average is $7.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in shares of Titan International in the 2nd quarter worth approximately $27,000. nVerses Capital LLC grew its holdings in Titan International by 344.4% during the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 3,100 shares during the period. Quarry LP acquired a new stake in shares of Titan International during the third quarter worth $41,000. FMR LLC grew its position in shares of Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after buying an additional 1,625 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of Titan International during the third quarter worth $92,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

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.