Titan International (NYSE:TWI) Trading 8.2% Higher – Should You Buy?

Titan International, Inc. (NYSE:TWI) shares rose 8.2% during mid-day trading on Friday . The stock traded as high as $6.99 and last traded at $6.97. Approximately 216,410 shares were traded during trading, a decline of 57% from the average daily volume of 504,737 shares. The stock had previously closed at $6.44.

Titan International Stock Up 5.9 %

The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $7.70 and a 200 day simple moving average of $8.19. The firm has a market capitalization of $492.13 million, a PE ratio of -57.42 and a beta of 1.79.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). Titan International had a negative net margin of 0.51% and a positive return on equity of 5.83%. The firm had revenue of $532.17 million for the quarter, compared to analysts’ expectations of $547.02 million. As a group, sell-side analysts forecast that Titan International, Inc. will post 0.41 earnings per share for the current year.

Institutional Trading of Titan International

A number of institutional investors have recently modified their holdings of the company. Diversified Trust Co bought a new position in Titan International during the 1st quarter valued at approximately $194,000. BNP Paribas Financial Markets boosted its holdings in Titan International by 51.0% in the first quarter. BNP Paribas Financial Markets now owns 40,001 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 13,507 shares in the last quarter. Capital Investment Counsel Inc increased its position in Titan International by 4.6% during the 1st quarter. Capital Investment Counsel Inc now owns 114,840 shares of the industrial products company’s stock valued at $1,431,000 after purchasing an additional 5,057 shares during the period. LSV Asset Management increased its position in Titan International by 3.4% during the 1st quarter. LSV Asset Management now owns 780,700 shares of the industrial products company’s stock valued at $9,728,000 after purchasing an additional 25,941 shares during the period. Finally, Empowered Funds LLC raised its holdings in Titan International by 33.8% in the 1st quarter. Empowered Funds LLC now owns 261,660 shares of the industrial products company’s stock worth $3,260,000 after purchasing an additional 66,151 shares in the last quarter. 80.39% of the stock is currently owned by hedge funds and other 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.