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Shares of Titan Machinery (NASDAQ:TITN) reached a new 52-week low on Wednesday , AmericanBankingNews.com reports. The company traded as low as $12.35 and last traded at $12.35, with a volume of 396,868 shares trading hands. The stock had previously closed at $13.45.

The stock has a 50-day moving average of $14.77 and a 200-day moving average of $16.01. The company has a market cap of $264.0 million and a P/E ratio of 58.48.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.04. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $411.15 million. During the same quarter last year, the company posted ($0.02) earnings per share. Titan Machinery’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Titan Machinery will post $0.74 EPS for the current fiscal year.

Titan Machinery Inc owns and operates a network of agricultural and construction equipment stores in the United States and Europe.

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