Titan International (NYSE:TWI) Shares Up 5.1% – Should You Buy?

Shares of Titan International, Inc. (NYSE:TWI) traded up 5.1% during trading on Thursday . The company traded as high as $8.08 and last traded at $7.98. 136,018 shares changed hands during trading, a decline of 79% from the average session volume of 659,480 shares. The stock had previously closed at $7.59.

Analyst Upgrades and Downgrades

TWI has been the topic of a number of recent research reports. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. DA Davidson began coverage on Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 price target for the company.

Titan International Trading Up 8.1 %

The stock’s 50 day simple moving average is $7.19 and its two-hundred day simple moving average is $7.53. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The stock has a market capitalization of $518.06 million, a PE ratio of -68.38 and a beta of 1.82.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.21). The firm had revenue of $447.99 million for the quarter, compared to the consensus estimate of $471.63 million. Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. During the same period last year, the company posted $0.29 earnings per share. On average, sell-side analysts expect that Titan International, Inc. will post 0.03 EPS for the current year.

Hedge Funds Weigh In On Titan International

A number of large investors have recently made changes to their positions in the stock. Villanova Investment Management Co LLC bought a new stake in Titan International during the third quarter valued at $1,110,000. Victory Capital Management Inc. increased its position in shares of Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after purchasing an additional 388,864 shares during the last quarter. Barclays PLC raised its stake in Titan International by 207.1% in the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock valued at $877,000 after purchasing an additional 72,612 shares in the last quarter. GAMMA Investing LLC lifted its position in Titan International by 136.2% during the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 3,132 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after buying an additional 6,112 shares in the last quarter. 80.39% of the stock is 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.