Titan Machinery (NASDAQ:TITN) Stock Crosses Above 200 Day Moving Average – What’s Next?

Titan Machinery Inc. (NASDAQ:TITN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.83 and traded as high as $19.86. Titan Machinery shares last traded at $19.31, with a volume of 158,628 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan Machinery in a report on Monday, June 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Titan Machinery currently has an average rating of “Reduce” and an average price target of $17.00.

Titan Machinery Trading Up 0.8%

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 1.38. The firm has a market cap of $449.92 million, a P/E ratio of -8.22 and a beta of 1.38. The firm has a 50 day simple moving average of $20.10 and a 200 day simple moving average of $18.83.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Tuesday, June 9th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.05. Titan Machinery had a negative return on equity of 8.44% and a negative net margin of 2.28%.The firm had revenue of $522.38 million for the quarter, compared to analysts’ expectations of $485.61 million. During the same period in the prior year, the business posted ($0.58) earnings per share. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. On average, equities research analysts predict that Titan Machinery Inc. will post -1.5 EPS for the current fiscal year.

Institutional Trading of Titan Machinery

A number of hedge funds and other institutional investors have recently bought and sold shares of TITN. Janus Henderson Group PLC boosted its holdings in Titan Machinery by 137.9% in the 1st quarter. Janus Henderson Group PLC now owns 719,639 shares of the company’s stock valued at $12,032,000 after purchasing an additional 417,190 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Titan Machinery by 13.5% in the first quarter. Quantinno Capital Management LP now owns 43,061 shares of the company’s stock worth $720,000 after purchasing an additional 5,130 shares during the period. Renaissance Technologies LLC raised its position in shares of Titan Machinery by 33.5% in the first quarter. Renaissance Technologies LLC now owns 101,797 shares of the company’s stock worth $1,702,000 after buying an additional 25,569 shares in the last quarter. State of Wyoming raised its position in shares of Titan Machinery by 3.0% in the first quarter. State of Wyoming now owns 24,568 shares of the company’s stock worth $411,000 after buying an additional 715 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Titan Machinery by 21.6% during the first quarter. Stephens Investment Management Group LLC now owns 680,469 shares of the company’s stock valued at $11,377,000 after buying an additional 120,880 shares during the period. Institutional investors own 78.38% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.