Shares of Titan International Inc (NYSE:TWI) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.11 and last traded at $6.28, with a volume of 9111 shares trading hands. The stock had previously closed at $6.23.
Several analysts have recently issued reports on TWI shares. Zacks Investment Research upgraded Titan International from a “strong sell” rating to a “hold” rating in a research note on Friday, October 12th. ValuEngine upgraded Titan International from a “strong sell” rating to a “sell” rating in a research note on Friday, August 24th. Jefferies Financial Group reduced their price objective on Titan International from $12.00 to $8.50 and set a “hold” rating on the stock in a research note on Tuesday, August 7th. TheStreet cut Titan International from a “c” rating to a “d+” rating in a research note on Thursday, August 23rd. Finally, William Blair cut Titan International from an “outperform” rating to a “market perform” rating and set a $21.00 price objective on the stock. in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company. Titan International has a consensus rating of “Hold” and an average target price of $12.75.
The company has a market cap of $373.28 million, a PE ratio of -12.66 and a beta of 1.46. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.11 and a quick ratio of 1.11.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Titan International in the second quarter valued at $113,000. Paloma Partners Management Co acquired a new stake in Titan International in the second quarter valued at $149,000. Point72 Asset Management L.P. acquired a new stake in Titan International in the third quarter valued at $111,000. SG Americas Securities LLC acquired a new stake in Titan International in the second quarter valued at $189,000. Finally, PNC Financial Services Group Inc. raised its stake in Titan International by 3,853.9% in the third quarter. PNC Financial Services Group Inc. now owns 18,425 shares of the industrial products company’s stock valued at $137,000 after buying an additional 17,959 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.
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About Titan International (NYSE:TWI)
Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles in the United States and internationally. It operates in three segments: Agricultural, Earthmoving/Construction, and Consumer.
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