Titan International (NYSE:TWI) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Titan International (NYSE:TWI) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

Titan International Stock Performance

Shares of TWI opened at $7.15 on Wednesday. Titan International has a 12-month low of $6.34 and a 12-month high of $15.33. The company has a market cap of $451.45 million, a PE ratio of -61.17 and a beta of 1.82. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $7.51 and a 200-day moving average price of $7.89.

Hedge Funds Weigh In On Titan International

Several institutional investors have recently modified their holdings of the company. FMR LLC lifted its stake in shares of Titan International by 43.7% in the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 1,625 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Titan International by 3.0% during the second quarter. SummerHaven Investment Management LLC now owns 64,975 shares of the industrial products company’s stock valued at $481,000 after buying an additional 1,868 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Titan International by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,505 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 2,171 shares during the last quarter. Capital Investment Counsel Inc lifted its stake in shares of Titan International by 2.2% in the second quarter. Capital Investment Counsel Inc now owns 117,383 shares of the industrial products company’s stock worth $870,000 after buying an additional 2,543 shares in the last quarter. Finally, CWM LLC lifted its position in Titan International by 46.8% in the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 2,819 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.