Titan International (NYSE:TWI) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Titan International, Inc. (NYSE:TWI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.31 and traded as high as $8.89. Titan International shares last traded at $8.6050, with a volume of 462,237 shares traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen raised Titan International from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Titan International in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.33.

Titan International Stock Performance

The business has a fifty day moving average of $8.32 and a 200-day moving average of $8.31. The company has a market cap of $550.29 million, a PE ratio of -86.05 and a beta of 1.41. The company has a current ratio of 2.28, a quick ratio of 1.25 and a debt-to-equity ratio of 0.97.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. Titan International had a positive return on equity of 1.38% and a negative net margin of 0.34%.The firm had revenue of $466.47 million for the quarter, compared to analyst estimates of $458.74 million. Equities research analysts anticipate that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Titan International

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Titan International by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,527,269 shares of the industrial products company’s stock valued at $26,666,000 after acquiring an additional 12,630 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Titan International by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,238,348 shares of the industrial products company’s stock worth $24,483,000 after purchasing an additional 74,845 shares during the period. Fishman Jay A Ltd. MI raised its holdings in Titan International by 1.0% in the second quarter. Fishman Jay A Ltd. MI now owns 2,220,684 shares of the industrial products company’s stock worth $22,806,000 after purchasing an additional 22,677 shares in the last quarter. Victory Capital Management Inc. lifted its position in Titan International by 11.3% during the third quarter. Victory Capital Management Inc. now owns 1,649,715 shares of the industrial products company’s stock valued at $12,472,000 after buying an additional 167,032 shares during the period. Finally, Donald Smith & CO. Inc. lifted its position in Titan International by 92.2% during the second quarter. Donald Smith & CO. Inc. now owns 1,459,953 shares of the industrial products company’s stock valued at $14,994,000 after buying an additional 700,467 shares during the period. 80.39% of the stock is owned by institutional investors.

Titan International Company Profile

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.