Titan International (TWI) Hits New 1-Year Low at $6.00

Titan International Inc (NYSE:TWI) shares reached a new 52-week low on Thursday . The stock traded as low as $6.00 and last traded at $6.05, with a volume of 10300 shares. The stock had previously closed at $6.26.

Several research firms have weighed in on TWI. Zacks Investment Research upgraded Titan International from a “hold” rating to a “strong-buy” rating and set a $8.75 target price on the stock in a report on Thursday, November 8th. ValuEngine upgraded Titan International from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 17th. Finally, TheStreet lowered Titan International from a “c” rating to a “d+” rating in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.75.

The firm has a market cap of $364.30 million, a P/E ratio of -11.71 and a beta of 1.37. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.42.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Friday, November 2nd. The industrial products company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $384.70 million for the quarter, compared to analyst estimates of $398.71 million. Titan International had a positive return on equity of 4.56% and a negative net margin of 1.06%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) earnings per share. On average, equities analysts forecast that Titan International Inc will post 0.25 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of TWI. Point72 Asset Management L.P. bought a new stake in shares of Titan International in the third quarter valued at about $111,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Titan International in the second quarter valued at about $113,000. PNC Financial Services Group Inc. lifted its holdings in shares of 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 purchasing an additional 17,959 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Titan International in the second quarter valued at about $149,000. Finally, SG Americas Securities LLC bought a new stake in shares of Titan International in the second quarter valued at about $189,000. Institutional investors own 83.86% of the company’s stock.

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Titan International Company Profile (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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