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.
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.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by WKRB News and is the sole property of of WKRB News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.wkrb13.com/2018/12/08/titan-international-twi-hits-new-1-year-low-at-6-00.html.
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.
Featured Article: Different Types of Derivatives
Receive News & Ratings for Titan International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Titan International and related companies with MarketBeat.com's FREE daily email newsletter.